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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

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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 $83,390 in assets to launch the business. On October 31, the company's records show the following items and amounts. Cash $13,210 Cash withdrawals by ouner Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $1,46e 13,320 Accounts receivables 13,320 office supplies 2,720 45,910 17,350 7,970 83,390 2,95e 6,290 830 640 Land office equipment Accounts payable Ouner investments Using the above information prepare an October income statement for the business ERNST CONSULTING Income Statement Revenues 13,320 Consulting revenue S 13 320 Total revenues Expenses 2,950 Rent expense 6.290 Salaries expenser 830 Telephone expense 640 Miscellaneous expenses 10.710 Total expenses 2610 Net income Next of 25 23 24 25

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