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 $83,010 in assets 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 $ 14,890 Cash withdrawals by owner 12,820 Consulting revenue 2,290 Rent expense 45,960 Salaries expense 16,900 Telephone expense 7,670 Miscellaneous expenses 83,010 $ 930 12,820 2,530 5,780 790 $10 Exercise 1-19 (Algo) Preparing a statement of owner's equity LO P2 Using the above information prepare a December statement of owner's equity for Ernst Consulting. Hint. J. Ernst, Capital on D 1 was $0. ERNST CONSULTING Statement of Owner's Equity J. Ernst, Capital, December 11 $ 0 Prev of 14 Next