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On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $85,160 in assets in exchange for its common stock to launch the business. On October 31, the companys records show the following items and amounts.

Cash	$	7,520		Cash dividends	$	3,190
Accounts receivable		18,000		Consulting revenue		18,000
Office supplies		4,310		Rent expense		4,720
Land		46,000		Salaries expense		8,220
Office equipment		19,190		Telephone expense		900
Accounts payable		9,600		Miscellaneous expenses		710
Common Stock		85,160

Asks for the balance sheet as of October 31