Homework Answers
| Cash flows from operating activities: | ||
| Cash received from customers | 0 | |
| Rent expense | -3750 | |
| Salaries paid | -1980 | |
| Telephone expenses | -780 | |
| Miscl Expenses | -600 | |
| -7110 | ||
| Net cash provided by operating activities (a) | -7,110 | |
| Cash flows from investing activities: | ||
| Purchase of Equipment | -18170 | |
| -18,170 | ||
| Net cash provided by Investing activities (b) | -18,170 | |
| Cash flows from financing activities: | ||
| Cash withdrawn by owner | -2,180 | |
| -2,180 | ||
| Net cash provided by financing activities (c) | -2,180 | |
| Net cash provided by all activities(a+b+c) | -27,460 | |
| Cash balance,October 1 | 38,170 | |
| Cash balance, October 31 | 10,710 |
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Required information [The following information applies to the questions displayed below.) On October 1, Ebony Ernst...
Required information {The following information applies to the questions displayed below.) On October 1, Ebony Ernst...
Required information {The following information applies to the questions displayed below.) On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $84,200 in assets to launch the business. On October 31, the company's records show the following items and amounts Cash Accounts receivable office supplies Land office equipment Accounts payable Owner investments 10,710 14, 160 3,450 46,030 18,170 8,630 84,200 Cash withdrawals by owner Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 2,180...
Required information [The following information applies to the questions displayed below.] On October 1, Ebony Ernst...
Required information [The following information applies to the questions displayed below.] On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $84,200 in assets in exchange for its common stock to launch the business. On October 31, the company’s records show the following items and amounts. Cash $ 10,710 Cash dividends $ 2,180 Accounts receivable 14,800 Consulting revenue 14,800 Office supplies 3,450 Rent expense 3,750 Land 46,030 Salaries expense 7,160 Office equipment 18,170 Telephone expense 780...
Required information (The following information applies to the questions displayed below.) On October 1, Ebony Ernst...
Required information (The following information applies to the questions displayed below.) On October 1, Ebony Ernst organized Ernst Consulting, on October 3, the owner contributed $84,200 in assets to launch the business. On October 31, the company's records show the following items and amounts Cash Accounts receivable Office Supplies Land office equipment Accounts payable Owner Investments $10,710 14, 160 3,450 46,030 18. 170 8,630 84. 200 Cash withdrawals by owner Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses...
Required information [The following information applies to the questions displayed below.] On October 1, Ebony Ernst...
Required information [The following information applies to the questions displayed below.] On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,110 in assets to launch the business. On October 31, the company’s records show the following items and amounts. Cash$14,550. Cash withdrawals by owner$1,120 Accounts receivable12,940. Consulting revenue12,940 Office supplies2,400 Rent expense2,640 Land45,860. Salaries expense5,920 Office equipment17,020. Telephone expense800 Accounts payable7,820. Miscellaneous expenses620 Owner investments83,110 Also assume the following: The owner’s initial investment consists of...
! Required information [The following information applies to the questions displayed below.] On October 1, Ebony...
! Required information [The following information applies to the questions displayed below.] On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $82,890 in assets in exchange for its common stock to launch the business. On October 31, the company's records show the following items and amounts. Retained earnings, October 1 as $0 $15,140 12,720 Cash dividends 830 Cash Consulting revenue 12,720 2,380 5,620 780 Accounts receivable office supplies 2,110 46,010 16,780 Rent expense Salaries expense...
Check my work [The following information applies to the questions displayed below.) On October 1, Ebony...
Check my work [The following information applies to the questions displayed below.) On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $84,200 in assets to launch the business. On October 31, the company's records show the following items and amounts. Cash Accounts receivable Office supplies Land office equipment Accounts payable Owner investments $10,710 14, 160 3,450 46, 630 18,170 8,630 84, 200 Cash withdrawals by owner Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous...
Required information [The following information applies to the questions displayed below. On October 1, Ebony Ernst...
Required information [The following information applies to the questions displayed below. On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,010 in assets to launch the business. On October 31, the company's records show the following items and amounts Cash Accounts receivable Office supplies Land Office equipment Accounts payable Owner investments $.14, 89Θ Cash withdrawals by owner $. 93Θ 12,820 2, 53Θ 5, 78Θ 790 12,820 Consulting revenue 2,29Θ Rent expense 45,960 Salaries expense 16,9ΘΘ...
Required information [The following information applies to the questions displayed below.) On October 1, Ebony Ernst...
Required information [The following information applies to the questions displayed below.) On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $82,890 in assets in exchange for its common stock to launch the business. On October 31, the company's records show the following items and amounts. Retained earnings, October 1 as $0. Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common stock $15, 140 12,720 2,110 46,010 16,780 7,360 82,890 Cash dividends Consulting revenue...
Required information [The following information applies to the questions displayed below.) On October 1, Ebony Ernst...
Required information [The following information applies to the questions displayed below.) On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $83,850 in assets in exchange for its common stock to launch the business. On October 31, the company's records show the following items and amounts. Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common Stock $11,580 Cash dividends 14,000 Consulting revenue 3, 140 Rent expense 46,000 Salaries expense 17,820 Telephone expense Ana Miscellaneous...
Required information [The following information applies to the questions displayed below.] On October 1, Ebony Ernst...
Required information [The following information applies to the questions displayed below.] On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $85,460 in assets to launch the business. On October 31, the company’s records show the following items and amounts. Cash $ 6,650 Cash withdrawals by owner $ 3,490 Accounts receivable 15,520 Consulting revenue 15,520 Office supplies 4,640 Rent expense 4,920 Land 46,000 Salaries expense 8,500 Office equipment 19,560 Telephone expense 890 Accounts payable 9,890 Miscellaneous...
Required information {The following information applies to the questions displayed below.) On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $84,200 in assets to launch the business. On October 31, the company's records show the following items and amounts Cash Accounts receivable office supplies Land office equipment Accounts payable Owner investments 10,710 14, 160 3,450 46,030 18,170 8,630 84,200 Cash withdrawals by owner Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 2,180...
Required information (The following information applies to the questions displayed below.) On October 1, Ebony Ernst organized Ernst Consulting, on October 3, the owner contributed $84,200 in assets to launch the business. On October 31, the company's records show the following items and amounts Cash Accounts receivable Office Supplies Land office equipment Accounts payable Owner Investments $10,710 14, 160 3,450 46,030 18. 170 8,630 84. 200 Cash withdrawals by owner Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses...
! Required information [The following information applies to the questions displayed below.] On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $82,890 in assets in exchange for its common stock to launch the business. On October 31, the company's records show the following items and amounts. Retained earnings, October 1 as $0 $15,140 12,720 Cash dividends 830 Cash Consulting revenue 12,720 2,380 5,620 780 Accounts receivable office supplies 2,110 46,010 16,780 Rent expense Salaries expense...
Check my work [The following information applies to the questions displayed below.) On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $84,200 in assets to launch the business. On October 31, the company's records show the following items and amounts. Cash Accounts receivable Office supplies Land office equipment Accounts payable Owner investments $10,710 14, 160 3,450 46, 630 18,170 8,630 84, 200 Cash withdrawals by owner Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous...
Required information [The following information applies to the questions displayed below. On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,010 in assets to launch the business. On October 31, the company's records show the following items and amounts Cash Accounts receivable Office supplies Land Office equipment Accounts payable Owner investments $.14, 89Θ Cash withdrawals by owner $. 93Θ 12,820 2, 53Θ 5, 78Θ 790 12,820 Consulting revenue 2,29Θ Rent expense 45,960 Salaries expense 16,9ΘΘ...
Required information [The following information applies to the questions displayed below.) On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $82,890 in assets in exchange for its common stock to launch the business. On October 31, the company's records show the following items and amounts. Retained earnings, October 1 as $0. Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common stock $15, 140 12,720 2,110 46,010 16,780 7,360 82,890 Cash dividends Consulting revenue...
Required information [The following information applies to the questions displayed below.) On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $83,850 in assets in exchange for its common stock to launch the business. On October 31, the company's records show the following items and amounts. Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common Stock $11,580 Cash dividends 14,000 Consulting revenue 3, 140 Rent expense 46,000 Salaries expense 17,820 Telephone expense Ana Miscellaneous...
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