On October 1, Ebony Ernst organized Ernst Consulting; On October 3, the owner contributed $84,780 in assets to launch the business. On October 31, the company's records show the following items and amounts Cash $8,990 cash withdrawals by owner $2,830 Accounts receivable $14,740 consulting revenue $14,740 office supplies $3,930 rent expense $4,300 land $45,980 salaries expense $7,740 office equipment $18,660 telephone expense $850 accounts payable $9,170 miscellaneous expense $670 owner investments $84,780 Using the above information prepare and October statement of owner's equity for Ernst Consulting ERNST CONSULTING Statement of Owner’s Equity For Month Ended October 31 $0 0
On October 1, Ebony Ernst organized Ernst Consulting; On October 3, the owner contributed $84,780 in assets to launch the business. On October 31, the company's records show the following items and amounts
Cash $8,990 cash withdrawals by owner $2,830
office supplies $3,930 rent expense $4,300
land $45,980 salaries expense $7,740
office equipment $18,660 telephone expense $850
accounts payable $9,170 miscellaneous expense $670
owner investments $84,780
Using the above information prepare and October statement of owner's equity for Ernst Consulting
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