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La Paz Company engaged in the following transactions during 2012. first year in operation. Acquired $3,000 cash from issuing common stock. Borrowed $2, 200 from
La Paz Company engaged in the following transactions during 2012. first year in operation. Acquired $3,000 cash from issuing common stock. Borrowed $2, 200 from a bank. Earned $3, 100 of revenues. Incurred $2, 400 in expenses. Paid dividends of $400 La Paz Company engaged in the following transactions during 2013: Acquired an additional $500 cash from the issue of common stock. Repaid $1, 300 of its debt to the bank. Earned revenues. $4, 500. Incurred expenses of $2, 750. Paid dividends of $640. The amount of retained earnings on La Paz's 2012 balance sheet was A. $3, 100. B. $1, 100. C. $300. D. $1, 410. Yi Company began operations on January 1, 2013. During 2013, the company engaged in the following cash transactions. issued stock for $40,000 borrowed $25,000 from its bank provided consulting services for $38,000 cash paid back $15,000 of the bank loan paid rent expense for $9.000 purchased equipment costing $12,000 paid $3,000 dividends to stockholders paid employees' salaries, $21,000 What is Yi's net cash How from operating activities? A. Inflow of $5,000 B. Inflow of $8,000 C. Inflow of $17,000 D. Inflow of $33,000
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