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Use the following information for exercise 18 to 21 LO P2 (Algo) [The following information applies to the questions displayed below] On December 1, Jasmin
Use the following information for exercise 18 to 21 LO P2 (Algo) [The following information applies to the questions displayed below] On December 1, Jasmin Ernst organized Ernst Consulting, on December 3, the owner contributed $84,580 in assets in exchange for its common stock to launch the business. On December 31, the company's records show the following it and amounts Cash Accounts receivable office supplies Land office equipment Accounts payable Common stock $9,390 16,020 3,830 45,980 18,550 9,060 84,580 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 2,650 16,020 4,190 7,570 Be 650 Exercise 1-19 (Algo) Preparing a statement of retained earnings LO P2 Using the above information prepare a December statement of retained earnings for Ernst Consulting ERNST CONSULTING Statement of Retained Earnings
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