(Solved): On December 1, Jasmin Ernst organized Ernst Consulting; on December 3, the owner contributed $84,00 ...

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. Exercise 1-20 (Static) Preparing a balance sheet LO P2 Use the above information to prepare a December 31 balance sheet for Ernst Consulting.