On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $83,540 in assets to launch the business. On December 31, the companys records show the following items and amounts.

Cash	$ 12,650	Cash withdrawals by owner	$ 1,570
Accounts receivable	13,520	Consulting revenue	13,520
Office supplies	2,850	Rent expense	3,110
Land	45,940	Salaries expense	6,490
Office equipment	17,530	Telephone expense	850
Accounts payable	8,110	Miscellaneous expenses	660
Owner investments	83,540

Income Statement For Month Ended December 31 Income Statement For Month Ended December 31 Income Statement For Month Ended December 31