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Use the following information for the Exercises below. ( Algo ) [ The following information applies to the questions displayed below. ] . On December

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 $84,470 in assets to launch the business. On December 31, the company's records show the following item's and amounts.
\table[[Cash,$9,750,Cash withdrawals by owner,$2,530
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