using the above information preparing October statement of retained earnings.

Required information [The following information applies to the questions displayed below! On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $84,470 in assets in exchange for its common stock to launch the business. On October 31, the company's records show the following items and amounts. Retained earnings, October 1 as $0. Cash Accounts receivable Office supplies Land office equipment Accounts payable Common stock $ 9,750 15,620 3,710 45,970 18,450 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 2,530 15,620 4.ee 7.450 810 63 8.900 84,470 Using the above information prepare an October statement of retained earnings for Erst Consulting. ERNST CONSULTING Statement of Retained Earnings 80 *** 11 3 F A $ 4 % 5 & 7 8 6 9 2 9 3 W E R 0 T Y