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 $85,050 in assets to launch the business. On October 31, the company's records show the following items and amounts. $ 7,95 15.ca Cash Accounts receivable Office Supplies Land Office equipment Accounts payable Owner investments 4,20 46,810 19,060 9,436 85,ese Cash withdrawals by owner Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 3,070 15,640 4,536 8,090 880 69e Using the above Information prepare an October Income statement for the business. ERNST CONSULTING Income Statement Required Information [The following information applies to the questions displayed below.] Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company's records show the following accounts and amounts for the month of August. Cash Accounts receivable Office Supplies Land Office equipment Accounts payable $ 25,480 C. . Camry, Withdrawals 22,52e Consulting fees earned 5,390 Rent expense 44,150 Salaries expense 20,170 Telephone expense 12,828 Miscellaneous expenses $ 6,148 27,140 9,710 5,730 1, e38 640 Use the above information to prepare an August statement of owner's equity for Help Today. The owner's capital account balance at July 31 was $0, and the owner Invested $101.800 cash in the company on August 1. HELP TODAY Statement Owner's Equity Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable K. Wilson, Capital K. Wilson, Withdrawals Trucking fees earned Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks Totals Debit Credit $ 7,900 14,5ee 8,250 187,00 $ 38,522 46,880 11,982 14,000 70,00 128,325 11,080 129,000 24,847 70, 350 9.000 12,90 $391,747 $391,747 Use the above adjusted trial balance to prepare Wilson Trucking Company's classified balance sheet as of December 31. WILSON TRUCKING COMPANY Balance Sheet December 31 Assets Liabilities Use the above adjusted trial balance prepare Wilson Trucking Company's classified balance sheet as of December 31. WILSON TRUCKING COMPANY Balance Sheet December 31 Assets Liabilities Equity