Cash $ 14,890   Cash withdrawals by owner $ 930 Accounts receivable   12,820   Consulting revenue   12,820 Office supplies   2,290   Rent expense   2,530 Land   45,960   Salaries expense   5,780 Office equipment   16,900   Telephone expense   790 Accounts payable   7,670   Miscellaneous expenses

Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter8: Budgets And Bank Reconciliations
Section: Chapter Questions
Problem 2.7C
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Question 10 

 
Cash $ 14,890   Cash withdrawals by owner $ 930
Accounts receivable   12,820   Consulting revenue   12,820
Office supplies   2,290   Rent expense   2,530
Land   45,960   Salaries expense   5,780
Office equipment   16,900   Telephone expense   790
Accounts payable   7,670   Miscellaneous expenses   610
Owner investments   83,010    

 

 

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Exercise 1-17 Preparing a balance sheet LO P2
Using the above information prepare an October 31 balance sheet for Ernst Consulting.
Part 3 of 4
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