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On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $84.580 in assets in exchange for its common stock to launch

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On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $84.580 in assets in exchange for its common stock to launch the business. On December 31 , the company's records show the following items and amounts. Exercise 1-20 (Algo) Preparing a balance sheet LO P2 Use the above information to prepare a December 31 balance sheet for Ernst Consulting

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