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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)Provided services

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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)Provided services to customers and received cash $28,000 3) paid rent expense for $2,000 4) purchased equipment costing $5,000 5) paid $3,000 dividends to stockholders 6) paid employees' salaries, $11,000 a. Inflow of $15,000 b. Inflow of $10,000 c. Outflow of $15,000 d. None of the answers are correct

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