On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $84,920 in assets to launch the business. On October 31, the companys records show the following items and amounts.

Cash	$	8,450		Cash withdrawals by owner	$	2,930
Accounts receivable		14,910		Consulting revenue		14,910
Office supplies		4,080		Rent expense		4,420
Land		46,020		Salaries expense		7,900
Office equipment		18,860		Telephone expense		860
Accounts payable		9,280		Miscellaneous expenses		680
Owner investments		84,920