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 $83,660 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 $12,040 Accounts receivable 13,720 Office supplies 2,990 Land 45,940 Office equipment 17,710 Accounts payable 8,230 Common stock 83,660 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 1,760 13,720 3,210 6,690 870 680 Exercise 1-15 Preparing an Income statement LO P2 Using the above information prepare an October income statement for the business ERNST CONSULTING Income Statement NUTSUIS Options 6,17 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 $83.660 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 $12,040 Accounts receivable 13,720 Office supplies 2,990 Land 45,940 Office equipment 17,710 Accounts payable 8,230 Common stock 83,660 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 1,760 13,720 3,210 6,690 870 680 Exercise 1-16 Preparing a statement of retained earnings LO P2 Using the above information prepare an October statement of retained earnings for Ernst Consulting ERNST CONSULTING Statement of Retained Earnings 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 $83,660 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 $12,040 Accounts receivable 13,720 Office supplies 2,990 Land 45,940 Office equipment 17,710 Accounts payable 8,230 Common stock 83,660 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 1,760 13,720 3,210 6,690 870 680 Exercise 1-17 Preparing a balance sheet LO P2 Using the above information prepare an October 31 balance sheet for Ernst Consulting ERNST CONSULTING Balance Sheet