Accounting Assignment | College Homework Help

Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions 1) issued stock for $62,000 2) borrowed $36.000 from its bank 3) provided consulting services for $60,000 cash 4) paid back $26,000 of the bank loan 5) paid rent expense for $14,500 6) purchased equipment for $23,000 cash 7) paid $4,100 dividends to stockholders 8) paid employees’ salaries of $32,000 What is Yowell’s net cash flow from operating activities Multiple Choice O Inflow of $28,000