Required information Use the following information for exercise 15 to 18 LO P2 [The following information...

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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 $84,580 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 $ 9,390 Accounts receivable 16,020 Cash dividends Consulting revenue $ 2,650 16,020 Office supplies 3,830 Rent expense 4,190 Land 45,980 Salaries expense 7,570 Office equipment 18,550 Telephone expense 830 Accounts payable 9,060 Miscellaneous expenses 650 Common stock 84,580 Exercise 1-17 Preparing a balance sheet LO P2 Using the above information prepare an October 31 balance sheet for Ernst Consulting. 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 $84,580 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 $ 9,390 Accounts receivable 16,020 Cash dividends Consulting revenue $ 2,650 16,020 Office supplies 3,830 Rent expense 4,190 Land 45,980 Salaries expense 7,570 Office equipment 18,550 Telephone expense 830 Accounts payable 9,060 Miscellaneous expenses 650 Common stock 84,580 Exercise 1-17 Preparing a balance sheet LO P2 Using the above information prepare an October 31 balance sheet for Ernst Consulting.