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At the end of 2011, retained earnings for the Bisk Company was $3,450. Revenue earned by the company in 2011 was $2,235, expenses paid during
At the end of 2011, retained earnings for the Bisk Company was $3,450. Revenue earned by the company in 2011 was $2,235, expenses paid during the period were $1,105, and dividends paid during the period were $525. Based on this information alone, retained earnings at the beginning of 2011 was Required information 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 $33,000 from its bank 3) sold merchandise for $28,500 4) paid back $11,000 of the bank loan 5) paid rent expense for $3,500 6) purchased equipment costing $6,500 7) paid $3,000 dividends to stockholders 8) paid employees' salaries, $12,000 What is Cole's net cash flow from operating activities
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