use the information in exercise 1-15 to prepare and
October 31 statement of cash flows for Earnest Consulting. Assume
the following additional information.
a. the owner initial investment consists of $38,000 cash and
$46,000 in land.
b. the company $18,000 equipment purchase
is paid in cash.
c. the accounts payable of $8,500 consists of the $3,250 office
supplies purchase and $5,250 in employee salaries yet to be
paid.
d. the company has been collected on the $14,000 consulting fees
earned.
Homework Answers
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use the information in exercise 1-15 to prepare and
October 31 statement of cash flows for...
Required information Use the following information for exercise 15 to 18 LO P2 [The following information...
Required information Use the following information for exercise 15 to 18 LO P2 [The following information applies to the questions displayed below.] On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $84,000 in assets to launch the business. On October 31, the company's records show the following items and amounts. $ 2,000 14,000 3,550 7,000 760 Cash withdrawals by owner Consulting revenue Rent expense $11,360 Cash 14,000 Accounts receivable office supplies Land office equipment Accounts...
Path Home Chapter 01 Homework omework Saved Help S. On October 1, Ebony Ernst organized trnst...
Path Home Chapter 01 Homework omework Saved Help S. On October 1, Ebony Ernst organized trnst 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 followin items and amounts. Retained earnings, October 1 as $0. Cash Accounts receivable office supplies Land $11,360 14,000 3,250 46,000 18,000 8,500 84,000 Cash dividends Consulting revenue Rent expense salaries expense Telephone expense Miscellaneous expenses $...
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...
Check my wor diu din OUTILS. Reldileu edinys, UCLover i as DU. Cash Accounts receivable Office...
Check my wor diu din OUTILS. Reldileu edinys, UCLover i as DU. Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common stock $11,360 14,000 3,250 46,000 18,000 8,500 84,000 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 2,000 14,000 3,550 7,000 760 580 Using the above information prepare an October 31 balance sheet for Ernst Consulting. ERNST CONSULTING Balance Sheet $ 0 $
Looking for a solution to this question ! Required information [The following information applies to the...
Looking for a solution to this question
! 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 $84,000 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. Retained earnings, October 1 as $0. Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common stock $11,360 14,000 3,250 46,000...
Help Required information [The following information applies to the questions displayed below.] On October 1, Ebony...
Help 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 $84,000 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. Retained earnings, October 1 as $0. Cash Accounts receivable office supplies Land Office equipment Accounts payable Common stock $11,360 14,000 3,250 46,000 18,000 8,500 84,000 Cash dividends Consulting revenue...
Use the following information for exercise 15 to 18 LO P2 [The following information applies to...
Use the following information for exercise 15 to 18 LO P2 [The following information applies to the questions displayed below.] 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 i and amounts. Retained earnings, October 1 as $0. Cash Accounts receivable office supplies Land Office equipment Accounts payable Common stock $11,362 14,000 3,250...
I'm not too sure what I am doing wrong here, it says I have the current...
I'm not too sure what I am doing wrong here, it says I have the
current setup correct but missing content
Required information Use the following information for exercises 15 to 18 LO P2 (The following information applies to the questions displayed below.) 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...
help!!! Use the following information for exercise 15 to 18 LO P2 The following information applies...
help!!!
Use the following information for exercise 15 to 18 LO P2 The following information applies to the questions displayed below.) 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. Retained earnings, October 1 as $0. Cash Accounts receivable Office Supplies Land Office equipment Accounts payable Common stock $11,360 14,000...
Return to question Required Informatilon (The following information applies to the questions displayed below On October...
Return to question Required Informatilon (The following information applies to the questions displayed below On October 1, Ebony Emst organized Ernst Consulting: on October 3, the owner contributed $84,000 In assets In exchange for lts 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 $11,368Cash dividends 5 2,086 14,080 3,558 7,800 768 580 14,8e0 Consulting revenue 3,250 Rent expense...
Required information Use the following information for exercise 15 to 18 LO P2 [The following information applies to the questions displayed below.] On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $84,000 in assets to launch the business. On October 31, the company's records show the following items and amounts. $ 2,000 14,000 3,550 7,000 760 Cash withdrawals by owner Consulting revenue Rent expense $11,360 Cash 14,000 Accounts receivable office supplies Land office equipment Accounts...
Path Home Chapter 01 Homework omework Saved Help S. On October 1, Ebony Ernst organized trnst 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 followin items and amounts. Retained earnings, October 1 as $0. Cash Accounts receivable office supplies Land $11,360 14,000 3,250 46,000 18,000 8,500 84,000 Cash dividends Consulting revenue Rent expense salaries expense Telephone expense Miscellaneous expenses $...
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...
Check my wor diu din OUTILS. Reldileu edinys, UCLover i as DU. Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common stock $11,360 14,000 3,250 46,000 18,000 8,500 84,000 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 2,000 14,000 3,550 7,000 760 580 Using the above information prepare an October 31 balance sheet for Ernst Consulting. ERNST CONSULTING Balance Sheet $ 0 $
Looking for a solution to this question
! 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 $84,000 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. Retained earnings, October 1 as $0. Cash Accounts receivable Office supplies Land Office equipment Accounts payable Common stock $11,360 14,000 3,250 46,000...
Help 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 $84,000 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. Retained earnings, October 1 as $0. Cash Accounts receivable office supplies Land Office equipment Accounts payable Common stock $11,360 14,000 3,250 46,000 18,000 8,500 84,000 Cash dividends Consulting revenue...
Use the following information for exercise 15 to 18 LO P2 [The following information applies to the questions displayed below.] 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 i and amounts. Retained earnings, October 1 as $0. Cash Accounts receivable office supplies Land Office equipment Accounts payable Common stock $11,362 14,000 3,250...
I'm not too sure what I am doing wrong here, it says I have the
current setup correct but missing content
Required information Use the following information for exercises 15 to 18 LO P2 (The following information applies to the questions displayed below.) 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...
help!!!
Use the following information for exercise 15 to 18 LO P2 The following information applies to the questions displayed below.) 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. Retained earnings, October 1 as $0. Cash Accounts receivable Office Supplies Land Office equipment Accounts payable Common stock $11,360 14,000...
Return to question Required Informatilon (The following information applies to the questions displayed below On October 1, Ebony Emst organized Ernst Consulting: on October 3, the owner contributed $84,000 In assets In exchange for lts 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 $11,368Cash dividends 5 2,086 14,080 3,558 7,800 768 580 14,8e0 Consulting revenue 3,250 Rent expense...
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