On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $84,470 in assets to launch the business. On October 31, the company’s records show the following items and amounts. Cash$9,750 Cash withdrawals by owner$2,530Accounts receivable 14,480 Consulting revenue 14,480Office supplies 3,710 Rent expense 4,070Land 45,970 Salaries expense 7,450Office equipment 18,450 Telephone expense 810Accounts payable 8,900 Miscellaneous expenses 630Owner investments 84,470 Part 1 of 3 5points Item 2Required informationSkip to question [The following information applies to the questions displayed below.] On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $84,470 in assets to launch the business. On October 31, the company’s records show the following items and amounts. Cash$9,750 Cash withdrawals by owner$2,530Accounts receivable 14,480 Consulting revenue 14,480Office supplies 3,710 Rent expense 4,070Land 45,970 Salaries expense 7,450Office equipment 18,450 Telephone expense 810Accounts payable 8,900 Miscellaneous expenses 630Owner investments 84,470 Using the above information prepare an October income statement for the business. C My folder xG The purpo xC My folder xD2L McGraw-H xOQuestion 2 XO LoginO Loginx b Login | bar x +Announce XA ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddlewar. QES OCh 1: Quiz 4Save & ExitSovedHelpSubmitUsing the above information prepare an October income statement for the business.ERNST CONSULTINGIncome StatementPart 1 of 3For Month Ended October 315pointsMcGrawHill%24< Prev2 34of 5Score answer >6:04 PMO Type here to searchWRain...3/22/202210

We will make a table for income statement

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter5: Exponential And Logarithmic Functions

Section5.2: Applications Of Exponential Functions

Problem 50E

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Item 2

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[The following information applies to the questions displayed below.]

On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $84,470 in assets to launch the business. On October 31, the company’s records show the following items and amounts.


Cash	$	9,750	Cash withdrawals by owner	$	2,530
Accounts receivable		14,480	Consulting revenue		14,480
Office supplies		3,710	Rent expense		4,070
Land		45,970	Salaries expense		7,450
Office equipment		18,450	Telephone expense		810
Accounts payable		8,900	Miscellaneous expenses		630
Owner investments		84,470

Using the above information prepare an October income statement for the business.

C My folder x
G The purpo x
C My folder x
D2L McGraw-H x
O
Question 2 X
O Login
O Login
x b Login | bar x +
Announce X
A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddlewar. Q
ES O
Ch 1: Quiz 4
Save & Exit
Soved
Help
Submit
Using the above information prepare an October income statement for the business.
ERNST CONSULTING
Income Statement
Part 1 of 3
For Month Ended October 31
5
points
Mc
Graw
Hill
%24
< Prev
2 3
4
of 5
Score answer >
6:04 PM
O Type here to search
W
Rain...
3/22/2022
10

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