Question
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)
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