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Required information Skip to question [The following information applies to the questions displayed below.] On December 1, Jasmin Ernst organized Ernst Consulting. On December 3,

Required information Skip to question [The following information applies to the questions displayed below.] On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $84,470 in assets in exchange for its common stock to launch the business. On December 31, the companys records show the following items and amounts. Cash $ 9,750 Cash dividends $ 2,530 Accounts receivable 15,620 Consulting revenue 15,620 Office supplies 3,710 Rent expense 4,070 Office equipment 18,450 S

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