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The Bloom Company issued stock for $52,300 cash on January 20, 2011. During 2011, the company recorded revenue on account of $17,800 and expenses for
The Bloom Company issued stock for $52,300 cash on January 20, 2011. During 2011, the company recorded revenue on account of $17,800 and expenses for which cash was paid of $10,500. Bloom received $10,540 cash from accounts receivable. The company also purchased land for $6,425 cash. Based on this information, the amount of change in cash for 2011 was
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