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On October 1. Ebony Ernst organized Ernst Consulting, on October 3, the owner contributed $84,000 in assets to launch the business. On October 31, the

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On October 1. Ebony Ernst organized Ernst Consulting, on October 3, the owner contributed $84,000 in assets to launch the business. On October 31, the company's records show the following items and amounts. Accounts receivable office supplies Lend office equipment Accounts payable Owner investments $11,360 14,000 3,250 46,000 18,000 8,500 84,000 Cash withdrawals by owner Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 2,000 14,000 3,550 7.000 760 580 Using the above information prepare an October statement of owner's equity for Ernst Consulting ERNST CONSULTING Statement of Owner's Equity S

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