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 launch the business. On October 31, the company's records show the following items and amounts. Cash $11, 580 Cash withdrawals by owner $ 1, 890 Accounts receivable 13 , 860 Consulting revenue 13, 860 Office supplies 3, 140 Rent expense 3 , 390 Land 46, 000 Salaries expense 6, 860 Office equipment 17, 820 Telephone expense 880 Accounts payable 8, 400 Miscellaneous expenses 690 Owner investments 83, 850