Required information [The following information applies to the questions displayed below) On December 1, Jasmin...
60.1K
Verified Solution
Link Copied!
Question
Accounting
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 Accounts receivable office supplies office equipment Land Accounts payable Owner investments 311,360 Cash withdrawals by owner 14,000 Consulting revenue 3,254 Bent expense 46,000 Salaries expe 18,000 Telephone expense 8.500 Miscellaneous expenses 84,000 $2,000 14,000 3,550 7,000 760 580 Use the above information to prepare a December 31 balance sheet for Emst Consulting ERNST CONSULTING Balance Sheet S $ " 12 Lot 15 Next > Lagan my work 1 1 Required information. [The following information applies to the questions displayed below) On December 1 Jasmin Emst 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 hems and amounts C 13,360 Cash withdrawale by owner 14,900 Consulting revenue office supplies Land office equipment 10,000 Accounts payable Der e 8.500 $4,000 wiephone expense Mixers 24.000 3.555 940 Use the above information to prepare a December 31 balance sheet for Ernst Consulting ERNST CONSULTING Balance Sheet For Month Ended December 31 Cash Rent expense Telephone expense Miscellaneous expenses 6.640 34.000 11,360 47,300 5 40,720 17 Next > Check my work Required information (The following information applies to the questions displayed below] On December 1, Jasmin Ernst organized Ernst 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 Accounts receivable Office supplies Land office equipment Accounts payable Owner investments 11,360 Cash withdrawale by owner 14,000 Consulting revenue 3,250 Rent expense 46,000 Salaries expense 18,000 Telephone expense 8,500 Miscellaneous expenses 84,000 $2,000 14,000 3,550 7,000 760 500 Use the above information to prepare a December 31 balance sheet for Ernst Consulting ERNST CONSULTING Balance Sheet For Month Ended December 31 Cash Rent expense $ -6.640 36,000 Check my work
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!