Required Information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below] On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $84,920 in assets in exchange for its common stock to launch the business. On December 31, the company's records show the following items and amounts. Cash, Accounts receivable Office supplies Office equipment Land Accounts payable $ 8,450 Cash dividends i 16,950 Consulting revenue 4,080 Rent expense 18,860 Salaries expense 46,020 Telephone expense 9,280 Miscellaneous expenses $2,930 15,950 4,420 7,980 680 Common stock 84,920 Ole) Brenering a balance sheet LO P2 Part 3 of 4 16.66 points Skipped eBook @ Hirt Ask D Print Required Information Use the following information for the Exercises below. (Algo) The following information applies to the questions displayed below] On December 1, Jasmin Ernst organized Ernst Consulting On December 3, the owner contributed $84.920 in assets in exchange for its common stock to launch the business. On December 31, the company's records show the following nems and amounts Cash Accounts receivable office supplies office equipment Land Accounts payable Conton stock 5 8,450 Cash dividends 16,950 Consulting revenue 4,08 Kent expense 10, Salaries expense 46,020 telephone expense 9,288 Miscellaneous expanses 84,920 Exercise 1-20 (Algo) Preparing a balance sheet LO P2 Use the above information to prepare a December 31 balance sheet for Ernst Consulting ERNST CONSULTING Balance Sheet