(i) Primary Source Homework ° Beyonce Is Not A Feminist ! Ab na and the Importan

Question

(i) Primary Source Homework ° Beyonce Is Not A Feminist ! Ab na and the Important M Chapter 1 Assign tpx Questions 2-4(15) The following information applies to the questions displeyed below On October t Ebony Ernst organized Erst Consulting on October 3, the owner contributed $85360 in assets to launch the business. On October 31, the company's records show the following items and amounts $ 1,500 16,500 4,820 8,370 910 720 Cash 8,900 Cash dividends Accounts recelvable 6,500 Consulting fees eamed Office suppliles Land Office equipment Accounts payable Common stock 4,480 Rent expenise 46,040 Salaries expense 19,360 Telephone expense 85 360 2. 6.00 points Using the above information prepare an October income statement for the business. ERNST CONSULTING DOLL

Explanation / Answer

Ernst Consulting Income Statement For Month Ended October 31 Revenues Consulting fees earned $16,500.00 Expenses: Rent Expenses 4820 Salaries Expenses 8370 Telephone Expenses 910 Miscellaneous expenses 720 Total expenses $14,820.00 Net Income(loss) $1,680.00

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