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on October 1 ebony Ernst organization consulting statement of cash flows (I started the question but i might be weing so plz correct me first)

on October 1 ebony Ernst organization consulting statement of cash flows
(I started the question but i might be weing so plz correct me first) image text in transcribed
On October 1, Ebony Erst 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 Cash Accounts receivable Office supplies Land Office equipment Accounts payable Owner investments $11,360 14,000 3,250 46,000 18,000 3,500 Cash withdrawals by owner Consulting revenue Rent expense salaries expense Telephone expense Miscellaneous expenses $ 2.000 14,000 3,550 7.099 $4,000 Also assume the following a. The owner's initial investment consists of 3.000 cash and 546.000 in land b. The company's $18.000 equipment purchase is paid in cash C. The accounts payable balance of $8,500 consists of the $3,250 office supplies purchase and $5.250 in employee salaries yet to be paid d. The company's rent telephone, and miscellaneous expenses are paid in cash e. No cash has been collected on the $14,000 consulting fees earned. Using the above information prepare an October 31 statement of cash flows for Ernst Consulting (Cash outflows should be indicated by a minus sign.) 7.000 ERNST CONSULTING Statement of Cash Flows For Month Ended October 31 Cash Bows from operating activities Cash received from customers 5 Cash paid for miscellaneous expenses Cash paid to employees Cash paid for rent Cash paid for telephone expenses het cash used by investing activities Cash flows from investing activities Cash investments by owner Nel cash provided by investing activities Cash flows from financing activities Cash paid for office equipment Accounts payable $4,000 18 Cash balance, October 1 Cash balance. Odober 31

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