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why is it not complete? On October 1, Ebony Emst organized Ernst Consulting, on October 3, the owner contributed $84.000 in assets to launch the
why is it not complete?
On October 1, Ebony Emst organized Ernst Consulting, on October 3, the owner contributed $84.000 in assets to launch the business. On October 31, the company's records show the following items and amounts Cash Accounts receivable Office supplies Office equipment Accounts payable Ouner Investments Land $11,360 14,000 3,250 46,000 18,000 8,500 84,000 Cash withdrawals by owner Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 2,000 14,000 3,55e 7.000 760 580 Using the above information prepare an October 31 balance sheet for Ernst Consulting Assets Answer is not complete. ERNST CONSULTING Balance Sheet As of October 31 Liabilities 511.360 Accounts payable 5 14.000 3.250 Total Babies 45.000 Equity 18.000 Emot Capital 8.500 Accounts receivable ON 8500 84 110 $ Step by Step Solution
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