Required information [The following information applies to the questions displayed below) On December 1, Jasmin...
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Required information [The following information applies to the questions displayed below) On December 1, Jasmin Ernst organized Emst Consulting. On December 3, the owner contributed $84,000 in assets to launch the business. On December 31, the company's records show the following items and amounts Cash $ 11,360 Accounts receivable 14,000 Cash withdrawals by owner Consulting revenue office supplies Land office equipment Accounts payable Owner investments 3,250 sens expense 46,000 Salaries expense 18,000 Telephone expense 8,500 Miscellaneous expens 84,000 $2,000 14,000 3,550 1,000 760 500 Using the above information prepare a December statement of owner's equity for Ernst Consulting. Hint J. Ernst, Capital on December 1 was $0 ERNST CONSULTING Statement of Owner's Equity J.Emst, Capital, December 11 $ $ 0
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