View previous attempt Check my wa 19 Part 3 of 4 5 mints On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $84,920 in assets in exchange for its common stock to launch the business. On December 31, the company's records show the following items and amounts. Cash Accounts receivable. Office supplies office equipment Land Accounts payable Common stock $ 8,450 Cash dividends 16,950 Consulting revenue 4,080 Rent expense $2,930 16,950 18,860 4,420 7.900 860 9,280 Miscellaneous expenses 680 84,920 Salaries expense 46,020 Telephone expense oflook Hint Print ferences Exercise 1-20 (Algo) Preparing a balance sheet LO P2 Use the above information to prepare a December 31 balance sheet for Ernst Consulting. ERNST CONSULTING Assets Cash Accounts receivable Balance Sheet Pray 19 20 of 20 Next >