On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,010 in assets to launch the business. On October 31, the company’s records show the following items and amounts.     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

Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter5: Operating Activities: Purchases And Cash Payments
Section: Chapter Questions
Problem 2.1C
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On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,010 in assets to launch the business. On October 31, the company’s records show the following items and amounts.
 

 
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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Transcribed Image Text:AutoSave Off H Document4 - Word (Unlicensed Product) P Search (Alt+Q) Jenalle Sturgis (jsturgis1.CSU) JS File Design Layout References Mailings Review View Help Grammarly Picture Format P Comments A Share Home Insert Draw Calibri (Body) v 11 BIU I U v ab x, x A == E E Normal Heading 1 X, Normal No Spacing Editing Dictate Sensitivity Editor Reuse Open Grammarly Paste A A A A • Aa v Files Undo Clipboard Font Paragraph Styles Voice Sensitivity Editor Reuse Files Grammarly Balance Sheet As of October 31 $ Page 1 of 1 O words Text Predictions: On * Accessibility: Investigate D Focus 100% 5:44 PM P Type here to search W Rain... O G 4x 3/22/2022 10 近
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