Required information [The following information applies to the questions displayed below] On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $84,000 in assets to launch the business. On December 31, the company's records show the following items and amounts. Cash Accounts receivable $ 11,360 Cash withdrawals by owner 14,000 Consulting revenue Office supplies Land Office equipment Accounts payable Owner investments 3,250 Rent expense 46,000 Salaries expense 18,000 Telephone expense 8,500 Miscellaneous expenses 54,000 $2,000 14,000 3,550 7,000 760 580 Use the above information to prepare a December 31 balance sheet for Ernst Consulting ERNST CONSULTING Balance Sheet December 31 bubmit Check my work of 4 Use the above information to prepare a December 31 balance sheet for Ernst Consulting Answer is not complete. ERNST CONSULTING Return to question 0000 00 Balance Sheet December 31 Assets Liabilities Cash $ 11,360 Accounts payable 8.500 Accounts receivable 14,000 Office supplies 3,250 Office equipment G 18,000 Equity Land O 46,000 J. Ernst, Capital Office equipment $92.610 Total equity 85,000 Total liabilities and equity 05 93.500 1000 85,000 < Prev Next >