The following information applies to the questions
On December Jasmin Ernst organized Ernst Consulting. On December the owner contributed $ in assets in exchange for its common stock to launch the business. On December the company's records show the following items and amounts.
Cash
Accounts receivable
Office supplies
Office equipment
Land
Accounts payable
Common stock
$ Cash dividends
Consulting revenue
Rent expense
Salaries expense
Telephone expense
Miscellaneous expenses
$
Using the above information prepare a December income statement for the business.
tableERNST CONSULTING,Income Statement,
