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what am I missing? MA 3 Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed
what am I missing?
MA 3 Required information 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 to launch the business. On December 31, the company's records show the following items and amounts. 27:49 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 5,780 790 610 Exercise 1-18 (Algo) Preparing an income statement LO P2 Using the above information prepare a December income statement for the business. Answer is not complete. ERNST CONSULTING Using the above information prepare a December income statement for the business. X Answer is not complete. ERNST CONSULTING Income Statement WN NA Revenues 35 Consulting revenue XXX $ 12,820 SA $ 12,820 Total revenues Expenses Salaries expense Rent expense Telephone expense Miscellaneous expenses 5,780 2,530 colo OOOO 790 610 Total expenses Net income 9,710 3.110Step by Step Solution
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