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On December 1, Jasmin Ernst organized Ernst Consulting. On December 3 , the owner contributed $84,000 in assets in exchange for its common stock to
On December 1, Jasmin Ernst organized Ernst Consulting. On December 3 , the owner contributed $84,000 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. Required: Using the above information prepare a December income statement for the business. (Use cells A6 to B18 from the given information to complete this question. All formulas must return positive values.) Using the above information prepare a December income statement for the business. (Use cells A6 to B18 from the given information to complete this question. All formulas must return positive values.)
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