rt 1 of 2 nts 02:13:47 eBook Lint 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 $85,460 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 Common stock $6,650 Cash dividends 18,650 4,640 Consulting revenue Rent expense 19,560 Salaries expense 46,000 Telephone expense 9,890 Miscellaneous expenses 85,460 $ 3,490 18,650 4,920 8,500 890 700

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 $85,460 in assets in exchange for its common stock to launch the business. On December 31, the company's fecords show the following items and amounts