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Required information d. The company's rent, telephone, and miscellaneous expenses are paid in cash. e. No cash has been collected on the $14,000 consulting revenue

Required information\ d. The company's rent, telephone, and miscellaneous expenses are paid in cash.\ e. No cash has been collected on the

$14,000

consulting revenue earned.\ Using the above information prepare a December statement of cash flows for Ernst Consulting.\ Note: Cash outflows should be indicated by a minus sign.\ \\\\table[[ERNST CONSULTING],[Statement of Cash Flows],[For Month Ended December 31],[Cash flows tho perating activities],[Cash received from customers,0,,],[Cash paid for miscellaneous expenses,

(580)

,,],[Cash paid for rent,

(3,550)

,,],[Cash paid to employees],[Cash paid for telephone expenses,

(760)

,,],[Net cash used by operating activities,,

$

,

(4,890)
image text in transcribed
d. The company's rent, telephone, and miscellaneous expenses are paid in cash. e. No cash has been collected on the $14,000 consulting revenue earned. Using the above information prepare a December statement of cash flows for Ernst Consulting. Note: Cash outflows should be indicated by a minus sign

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