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 Using the above information prepare an October income statement for the business. ERNST CONSULTING Income Statement < Prev Next >