Required information The following information applies to the questions displayed below On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,850 in assets to launchi the business. On October 31, the company's records show the following items and amounts. Cash withdrawals by owner Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $1,890 13, 860 3, 390 6. 860 880 $11,580 13, 860 Cash Accounts receivable office supplies Land 3, 140 46, 000 17,820 8, 400 office equipment Accounts payable Owner investments 690 83, 850 Using the above information prepare an October 31 balance sheet for Ernst Consulting. ERNST CONSULTING Balance Sheet 6 of 15 Next> Prev