! Required information Use the following information for exercise 15 to 18 LO P2 [The following...
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! Required information Use the following information for exercise 15 to 18 LO P2 [The following information applies to the questions displayed below.] On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $84,000 in assets in exchange for its common stock to launch the business. On October 31, the company's records show the following items and amounts. Retained earnings, October 1 as $0. Cash $11.360 Accounts receivable 14.000 Office supplies 3,250 Rent expense Land 46,000 Office equipment 18,000 Accounts payable 8,500 Cash dividends Consulting revenue Salaries expense Telephone expense Miscellaneous expenses Common stock 84,000 $ 2,000 14,000 3, 550 7,000 760 580 ! Required information Use the following information for exercise 15 to 18 LO P2 [The following information applies to the questions displayed below.] On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $84,000 in assets in exchange for its common stock to launch the business. On October 31, the company's records show the following items and amounts. Retained earnings, October 1 as $0. Cash $11.360 Accounts receivable 14.000 Office supplies 3,250 Rent expense Land 46,000 Office equipment 18,000 Accounts payable 8,500 Cash dividends Consulting revenue Salaries expense Telephone expense Miscellaneous expenses Common stock 84,000 $ 2,000 14,000 3, 550 7,000 760 580
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