Cole Company began operations on January 1 2011 During 2011

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 $36,000 from its bank 3) sold merchandise for $30,000 4) paid back $11,300 of the bank loan 5) paid rent expense for $3,950 6) purchased equipment costing $6,950 7) paid $3,000 dividends to stockholders 8) paid employees\' salaries, $12,300 What is Cole\'s net cash flow from operating activities?

Solution

Sold merchandise 30000 Rent Expense 3950 Salaries 12300 16250 Cash flow from operating activities 13750