1 Nelson Company began operations on December 1, Year 1. The following transactions and adjustments were recorded in December and posted to the company's ledger accounts: 1) Acquired $3,400 cash from the issue of common stock to its stockholders. 2) Provided services on account for $2,900 3) Paid $1700 cash for land 4) Owed $1,200 of salaries expenses to employees for work done in December that will be paid during January 5) Purchased $400 of supplies on account to be used in January 6) Collected $1,500 from customers. What is the total of the debit account balances that will be reported on the company's adjusted trial balance at December 31. Year 1? Multiple Choice $7,900 $4,600 $3.100