Required Information Use the following information for exercises 15 to 18 LO P2 The following information applies to the questions displayed below.) 125 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 Cash $11,360 Accounts receivable 14,000 Office supplies 3,250 Land 46,000 Office equipment 18,000 Accounts payable 8,500 Common Stock 84,000 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 2,000 14,000 3,550 7,000 760 580 References 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 exercises 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 Cash $11,360 Accounts receivable 14,000 Office supplies 3,250 Land 46,000 Office equipment 18,000 Accounts payable 8,500 Common Stock 84,000 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 2,000 14,000 3,550 7,000 760 580 Exercise 1-17 Preparing a balance sheet LO P2 nes Using the above information prepare an October 31 balance sheet for Erst Consulting, ERNST CONSULTING Balance Sheet