Required information (The following information applies to the questions displayed below On December 1, Jasmin Emst organized Enst Consulting. On December 3, the owner contributed $84,000 in assets to...

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Extracted text: Required information (The following information applies to the questions displayed below On December 1, Jasmin Emst organized Enst Consulting. On December 3, the owner contributed $84,000 in assets to launch the business. On December 31, the company's records show the folowing items and amounts 131.340 Caah vithdravals by ouner 14,00 Conulting zevenus 3.250 hent expenae 6.000 Salaies expense 38,000 Telephone expenhee .s00 Hillaneous genes 4, 000 Cesh Aecounts recnivable 14, 0 oftice supplies tand ottice eguipnent Accounta payable Owner investnente Also assume the following a. The ownerrs initial investment consists of $38,000 cash and $46.000 in land. b. The companys $18,000 eguipment purchase is paid in cash c. Cash paid to employees is $1750. The accounts payable balance of S8.500 consists of the $3.250 oftfice supplies purchase and $5.250 in employee salaries yet to be paid d. The company's rent expense, telephone expense, and miscellaneous experses are paid in cash e. No cash has yet been collected on the $14,000 consulting revenue eamed. Using the above information prepare a December statement of cash flows for Ernst Consulting (Cash outfiows should be indicated by a minus sign.) ERNST CONsULTING Statement of Cash Flows For Month Emded December 31 Cash fows om operating activities Cash receved brom customers


Extracted text: ERNST CONSULTING Statement of Cash Flows For Month Ended December 31 Cash fows from operating activites Cash received from .customers Cash flows from investing activities Cash flows from financing activities Cash balance, December 1 Cash balance, December 31