On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,110 in assets in exchange for its common stock to launch the business. On October 31, the companys records show the following items and amounts. Retained earnings, October 1 as $0.

Cash	$	14,550		Cash dividends	$	1,120
Accounts receivable		12,940		Consulting revenue		12,940
Office supplies		2,400		Rent expense		2,640
Land		45,860		Salaries expense		5,920
Office equipment		17,020		Telephone expense		800
Accounts payable		7,820		Miscellaneous expenses		620
Common stock		83,110

Using the above information prepare an October income statement for the business.

On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,110 in assets in exchange for its common stock to launch the business. On October 31, the company's records show the following items and amounts. Retained earnings, October 1 as $0. Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common stock $14,550 12,940 2,400 45,860 17,020 7,820 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 1,120 12,940 2,640 5,920 800 620 83, 110 ing the above information prepare an October income statement for the business. ERNST CONSULTING Income Statement Assets Liabilities Equity Revenues ERNST CONSULTING Income Statement Accounts payable Accounts receivable Cash Cash dividends ERNST CONSULTING Income Statement Accounts payable Accounts receivable Cash Cash dividends Income Statement Accounts payable Accounts receivable Cash Cash dividends Accounts payable Accounts receivable Cash Cash dividends Assets Liabilities Equity Revenues RE newconnect.mheducation.com ch Chapter 1 Exercise Gat Homework Help With Chagg Study Chegg.com Analyze The Following Transaction And Select the B... Chegg.com Chapter 1 Exercise A Saved Help Save & Exit Submit Check my work 1 Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common stock $14,550 12.949 2,400 45,860 17,020 7,820 83, 110 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 1,120 12,940 2,640 5,920 BOD 620 Part 1 of 4 0.15 points Using the above information prepare an October income statement for the business. eBook ERNST CONSULTING Income Statement Hint Accounts payable References Accounts receivable Cash Cash dividends Mc Graw Hill tie Prev 1 2 23 4 of 8 !!! Next >