Required Information [The following information applies to the questions displayed below.] On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $83,850 In assets in exchange for its common stock to launch the business. On December 31, the company's records show the following items and amounts. Cash Accounts receivable Office supplies Office equipment Land Accounts payable Common Stock $ 11,580 Cash dividends 13,860 Consulting revenue Rent expense 3,140 17,820 Salaries expense 46,000 Telephone expense 8,400 Miscellaneous expenses 83,850 $ 1,890 13,860 3,398 6,860 883 696

Required information [The following information applles to the questions displayed below] On December 1, Jasmin Ernst organized Emst Consuiting. On December 3, the owner contributed $83,850 in assets in exchange for its common stock to launch the business. On December 31 , the company's records show the followng tems and amounts. Required information [The following information applles to the questions displayed below] On December 1, Jasmin Ernst organized Emst Consuiting. On December 3, the owner contributed $83,850 in assets in exchange for its common stock to launch the business. On December 31 , the company's records show the followng tems and amounts