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Use the following information for exercise 15 to 18 LO P2

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[The following information applies to the questions displayed below.] On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $82,650 in assets to launch the business. On October 31, the companys records show the following items and amounts.

Cash	$	15,200		Cash withdrawals by owner	$	460
Accounts receivable		12,410		Consulting revenue		12,410
Office supplies		1,770		Rent expense		2,140
Land		46,080		Salaries expense		5,300
Office equipment		16,450		Telephone expense		750
Accounts payable		6,060		Miscellaneous expenses		560
Owner investments		82,650