ter $1$ Test

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On December $1,$ Jasmin Ernst organized Ernst Consulting. On December $3,$ the owner contributed $$84,200$ in assets to launch the business. On December $31,$ the company's records show the following items and amounts.

Cash

Accounts receivable

office supplies

Land

office equipment

Accounts payable

Owner investments

$$10,710$

$14,600$

$3,450$

$46,030$

$18,170$

$8,630$

$84,200$

Cash withdrawals by owner

Consulting revenue

Rent expense

Salaries expense

Telephone expense

Miscellaneous expenses

$$2,180$

$14,600$

$3,750$

$7,160$

$780$

$780$

Using the above information prepare a December income statement for the business.

$\backslash$table$[[$ERNST CONSULTING,$],[$Income Statement,$],[,,],[$Revenues$,,],[,,],[,,],[,,],[,,],[,,],[,,]]$

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