Required information [The following information applies to the questions displayed below) 11 of 3 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. Book Cash Accounts receivable office supplies Land Office equipment Accounts payable Owner investments $ 7,950 15,040 4,200 46,010 19,060 9,430 85,050 Cash withdrawals by owner Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 3,070 15,040 4,530 8,090 880 Hint Using the above information prepare an October income statement for the business rences ERNST CONSULTING Income Statement Revenues Consulting revenue r$ 15,040 $ 15,040 r Total revenues Expenses Salaries expense Rent expense Telephone expense Miscellaneous expenses Total expenses $ 2,810 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. Cash Accounts receivable Office supplies Land Office equipment Accounts payable Owner investments $ 7,950 15,040 4,200 46,010 19,060 9,430 85,050 Cash withdrawals by owner Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 3,070 15,040 4,530 8,090 880 690 Using the above information prepare an October statement of owner's equity for Ernst Consulting. ERNST CONSULTING Statement of Owner's Equity ncial Statements a Required information The following information applies to the questions displayed below.] 3 of 3 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. Cash Accounts receivable Office Supplies Land office equipment Accounts payable Owner investments $ 7,950 15,040 4,200 46,010 19,060 9,430 85,050 Cash withdrawals by owner Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 3,070 15,040 4.530 8,090 880 690 Using the above information prepare an October 31 balance sheet for Ernst Consulting. ERNST CONSULTING Balance Sheet