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Business, 20.09.2020 15:01 leslie1811

On December 1, Jasmin Ernst organized Ernst Consulting; on December 3, the owner contributed $84,000 in assets in exchange for its common stock to launch the business. On December 31, the company’s records show the following items and amounts. Cash $11,360 Cash dividends $2,000Accounts receivable 14,000 Consulting revenue 14,000Office supplies 3,250 Rent expense 3,550Land 46,000 Salaries expense 7,000Office equipment 18,000 Telephone expense 760Accounts payable 8,500 Miscellaneous expenses 580Common stock 84,000

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On December 1, Jasmin Ernst organized Ernst Consulting; on December 3, the owner contributed $84,000...

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