Transcribed Image Text: es Academic Calendar My MCBS Library English (en) urses / Summer Session I 2021/ACT 140/D2 / Course Docume Quiz 126-5-2021 Cole Company began operations on January 1,

Transcribed Image Text: es Academic Calendar My MCBS Library English (en)
urses / Summer Session I 2021/ACT 140/D2 / Course Docume
Quiz 126-5-2021
Cole Company began operations on January 1, 2011. During 2011, the company engaged in the
following cash transactions:
1) issued stock for $30,000
2) borrowed $23,000 from its bank
3) sold merchandise for $28,000
4) paid back $10,000 of the bank loan
5) paid rent expense for $2,000
6) purchased equipment costing $5,000
7) paid $3,000 dividends to stockholders
8) paid employees’ salaries, $11,00o
is Cole’s net cash flow from operating activities?
a.
Inflow of $15,000
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