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Business, 12.09.2021 23:00 sevanah5506

. The owner's intial investment consists of $37,850 cash and $46,000 in land. b. The company's $17,820 equipment purchase is paid in cash. c. Cash paid to employees is $1,600. The accounts payable balance of $8,400 consists of the $3,140 office supplies purchase and $5,260 in employee salaries yet to be paid. d. The company's rent expense, telephone expense, and miscellaneous expenses are paid in cash. e. No cash has yet been collected on the $13,860 consulting revenue earned. Using above information prepare a statement of cash flow for Ernst Consulting. Cash outflows should be indicated by a minus sign.

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. The owner's intial investment consists of $37,850 cash and $46,000 in land. b. The company's $17,8...
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