I need help with a couple of accounting questions on my homework.

1) Barnaby company experienced the following transactions during 2007, its first year in operation.

1. Issued ,000 of common stock to stockholders
2. Provided ,200 of services on account
3. Paid 0 cash for operating expenses
4. Collected 0 of cash from accounts recievable
5. Paid a cash dividend to stockholders

The total amount of assets shown on Barnaby Company's 2007 balance sheet is: a) $3,100 b) $3,400 c) $3,350 d) None of these

With this one I am gueesing it is d) None of these. I am determining it by saying the assets are(3000 + 1200 + 900 - 800 - 50) = 4250. Am I correct? If not please explain how to get the right answer.

2) An increase in cash that is accompanied by an increase in notes payable is a/an: a) claims exchange transaction b) asset source transaction c) asset use transaction d) asset exchange transaction

I am guessing it is d) asset exchange transaction but I have no real basis for my answer other than it sounds right. Any ideas?

Last one...

3) Sperry Company was started on January 1, 2007 when $8,500 cash was acquired by issuing stock to investors. Also, on January 1, 2007, the company purchased office equipment for cash at a cost of $5,200. The equipment had a five year useful life and a $1,000 salvage value. Sperry earned $1,500 cash revenue during 2007 and $1,500 in cash revenue in 2008.

Determin the amount of cash flow from operating activities on the 2007 financial statements. a) $1,500 b) $660 c) ($5,200) d) ($3,700)

My guess on this one is that it would be d) ($3,700). My reasoning is ($5,200 - $1,500). Am I correct? If not can you explain it to me?

Thanks for any help. I am in an online course with very little instructor feedback so any help is greatly appreciated.