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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 $83,010 in assets in exchange for its common stock to launch the business. On October 31, the company's records show the following Items and amounts. Cash Accounta receivable office supplies Land office equipment Accounts payable Common Stoek $14,890 Cash dividends $930 11,000 2,530 5,780 790 610 11,000 Consulting revenue 2,290 Rent expenne 45,960 Salaries expense 16,900Telephone expense 7,670 Miace1laneous expensen 83,010 Reference links

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