oatmeal inc went into business on January 1, 2019. Following are some of its transactions during the
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Question:
oatmeal inc went into business on January 1, 2019. Following are some of its transactions during the first three months of the year:
- 1/1/19 - Stockholders paid a total of $12,000 to purchase stock in Origins Corporation.
- 1/1/19 - The company borrowed $20,000 from a local bank and agreed to pay back $24,000 on January 1, 2021.
- 2/16/19 - Bought $7,000 of inventory on account. Origins will pay on April 10th.
- 3/29/19 - Collected $2,000 of accounts receivable.
- 3/31/19 - Paid $3,200 in dividends.
How much were oatmeal inc's financing cash flows during the period?
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