principals of accounting 1

ucation.com/ext/map/index.html?_con=con&external_t theducation.com/ext/map/index.html?_con=con&external_education.com/ext/map/index.html?_con=con&external_t nect Knowl.. Saved Help Save & Exit Subre: Connect Knowl.. i Saved Help Save & Exit Connect Knowl.. i Saved Help Save & Exit Check my work Check Check my w Use the following information for exercise 15 to 18 LO P2 amounts. Also assume the following: [The following information applies to the questions displayed below.] Cash Cash withdrawals by owner a. The owner's initial investment consists of $37,050 cash and $45,960 in lan Accounts receivable $14. 890 12. 820 Consulting revenue b. The company's $16,900 equipment purchase is paid in cash. ctober 1, Ebony Ernst organized Ernst Consulting; on October Office supplies 45.960 Rent expense c. The accounts payable balance of $7,670 consists of the $2,290 office supp 3, the owner contributed $83,010 in assets to launch the business. Salaries expense purchase and $5,380 in employee salaries yet to be paid. On October 31, the company's records show the following items and Office equipment Telephone expense amounts. Accounts payable 7,670 d. The company's rent, telephone, and miscellaneous expenses are paid in cas Owner investments 83 , 010 Miscellaneous expenses e. No cash has been collected on the $12,820 consulting fees earned. ceived from customers $ cation.com/ext/map/index.html?_con=con& Part 4 of 4 aid to employees aid for rent O ect Knowl... i Saved id for telephone expenses Help 4 aid for miscellaneous expenses points h used by operating activities ws from investing activities aid for office equipment the above information prepare an October 31 statement c h used by investing activities sulting. (Cash outflows should be indicated by a minus sig ws from financing activities vestments by owner ERNST CONSULTING ithdrawals by owner Statement of Cash Flows h provided by financing activities For Month Ended October 31 ease in cash flows from operating activities alance, October 1 alance, October 31 Cash received from customers Part 4 of 4 Cash paid to employees Cash paid for rent 4 points Cash paid for telephone expenses Cash paid for miscellaneous expenses points Net cash used by operating activities Hint Cash flows from investing activities Cash paid for office equipment Net cash used by investing activities Cash flows from financing activities Cash investments by owner Cash withdrawals by owner Net cash provided by financing activities vities