Homework Answers
| ERNEST CONSULTING | |||
| Statement of Cash flows | |||
| for the year ended October 31 | |||
| Cash flows from Operating activities | |||
| Cash paid for Employees Salaries | -$1,230.00 | ||
| Cash paid for rent | -$3,110.00 | ||
| Cash paid for Telephone expenses | -$850.00 | ||
| Cash paid for Misecellaneous Expenses | -$660.00 | ||
| Net Cash used for Operating Activities | -$5,850.00 | ||
| Cash flows from Investing activities | |||
| Purchase of equipment | -$17,530.00 | ||
| Net Cash used for Investing Activities | -$17,530.00 | ||
| Cash flow from Financing activities | |||
| Investment by owners | $37,600.00 | ||
| Dividend paid | -$1,570.00 | ||
| Net cash available from Financing activities | $36,030.00 | ||
| Net Cash surplus | $12,650.00 | ||
| Add : Cash balance as on October 1 | $0.00 | ||
| Cash balance as on October 31 | $12,650.00 | ||
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Done < Ch.1-Quz Help Save & Ext Submit On October 1, Ebony Enst organized Ernst Consulting;...
On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,540 in...
On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,540 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 $ 12,650 Cash dividends $ 1,570 Accounts receivable 12,800 Consulting revenue 12,800 Office supplies 2,850 Rent expense 3,110 Land 45,940 Salaries expense 6,490 Office equipment 17,530 Telephone expense 850 Accounts payable 8,110 Miscellaneous expenses 660 Common Stock 83,540 Also assume...
Done Ch. 1-Quz 6 Help Save&Exit Submit 4 Required information The following information applies to the...
Done Ch. 1-Quz 6 Help Save&Exit Submit 4 Required information The following information applies to the questions displayed below) On October 1, Ebony Emst organized Emst Consulting; on October 3, the owner contributed $83,540 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 Part 2 of 4 14.28 12,650 Cash dividends 12.800 Consulting revesue Accounts receivable of f ice uppl les office equipment 7.530Telephone expense...
Done < Ch. 1-Ouiz Help Save & Ext Submit 5 Required information The following information applies...
Done < Ch. 1-Ouiz Help Save & Ext Submit 5 Required information The following information applies to the questions displayed below.) On October 1, Ebony Enst organized Ernst Consulting; on October 3, the owner contributed $83,540 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 14.28 12,50 Cash dividends Office supplies office equipment Using the above information prepare an October 3t balance sheet for Ernst Consulting...
On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $83,660 in...
On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $83,660 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 $12,040 13,720 2,990 45,940 17,710 8,230 83,660 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 1,760 13,720 3,210...
On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,390 in...
On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,390 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. $ 1,460 12,300 2,950 6,290 830 $13,210 12,300 2,720 45,910 17,350 7,970 83,390 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses Cash Accounts receivable Office supplies Land office equipment Accounts payable 640 Comnon Stock Also assume the...
On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $84,000 in...
On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $84,000 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. $11,360 Cash dividends Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common Stock 2,000 14,000 3,550 7,000 766 588 14,668 Consulting revenue 3,250 Rent expense 46,eee Salaries expense 18,00 Telephone expense 8,500 Miscellaneous expenses 84,800 Exercise 1-18 Preparing a...
On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $83,390 in...
On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $83,390 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 $13,210 12,300 2,720 45,910 17,350 7,970 83,390 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 1,460 12,300 2,950 6,290 830 640 Using the above...
On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,390 in...
On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,390 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. $ 1,460 Cash dividends Cash $13,210 12,300 2,720 Consulting revenue Accounts receivable 12,300 2,950 6,290 830 Office supplies Rent expense Salaries expense Telephone expense Miscellaneous expenses 45,910 17,350 7,970 83,390 Land Office equipment Accounts payable 640 Common Stock Exercise 1-18 Preparing...
On October 1, Ebony Ernst organized Ernst Consulting, on October 3, the owner contributed $83,390 in...
On October 1, Ebony Ernst organized Ernst Consulting, on October 3, the owner contributed $83,390 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 $13,210 12,300 2,720 45,910 17,350 7,970 83,390 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 1,460 12,300 2,950 6,290 830 640 Using the above...
On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $85,360 in...
On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $85,360 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 $ 7,010 18,350 4,480 46,040 19,360 9,740 85,360 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 3,390 18,350...
Done Ch. 1-Quz 6 Help Save&Exit Submit 4 Required information The following information applies to the questions displayed below) On October 1, Ebony Emst organized Emst Consulting; on October 3, the owner contributed $83,540 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 Part 2 of 4 14.28 12,650 Cash dividends 12.800 Consulting revesue Accounts receivable of f ice uppl les office equipment 7.530Telephone expense...
Done < Ch. 1-Ouiz Help Save & Ext Submit 5 Required information The following information applies to the questions displayed below.) On October 1, Ebony Enst organized Ernst Consulting; on October 3, the owner contributed $83,540 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 14.28 12,50 Cash dividends Office supplies office equipment Using the above information prepare an October 3t balance sheet for Ernst Consulting...
On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $83,660 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 $12,040 13,720 2,990 45,940 17,710 8,230 83,660 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 1,760 13,720 3,210...
On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,390 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. $ 1,460 12,300 2,950 6,290 830 $13,210 12,300 2,720 45,910 17,350 7,970 83,390 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses Cash Accounts receivable Office supplies Land office equipment Accounts payable 640 Comnon Stock Also assume the...
On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $84,000 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. $11,360 Cash dividends Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common Stock 2,000 14,000 3,550 7,000 766 588 14,668 Consulting revenue 3,250 Rent expense 46,eee Salaries expense 18,00 Telephone expense 8,500 Miscellaneous expenses 84,800 Exercise 1-18 Preparing a...
On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $83,390 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 $13,210 12,300 2,720 45,910 17,350 7,970 83,390 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 1,460 12,300 2,950 6,290 830 640 Using the above...
On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,390 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. $ 1,460 Cash dividends Cash $13,210 12,300 2,720 Consulting revenue Accounts receivable 12,300 2,950 6,290 830 Office supplies Rent expense Salaries expense Telephone expense Miscellaneous expenses 45,910 17,350 7,970 83,390 Land Office equipment Accounts payable 640 Common Stock Exercise 1-18 Preparing...
On October 1, Ebony Ernst organized Ernst Consulting, on October 3, the owner contributed $83,390 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 $13,210 12,300 2,720 45,910 17,350 7,970 83,390 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 1,460 12,300 2,950 6,290 830 640 Using the above...
On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $85,360 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 $ 7,010 18,350 4,480 46,040 19,360 9,740 85,360 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 3,390 18,350...
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