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Bledsoe Company received $18,000 cash from the issue of stock on January 1, 2016. During 2016 Bledsoe earned $8, 800 of revenue on account. The
Bledsoe Company received $18,000 cash from the issue of stock on January 1, 2016. During 2016 Bledsoe earned $8, 800 of revenue on account. The company collected $6, 600 cash from accounts receivable and paid $5, 700 cash for operating expenses. Based on this information alone, during 2016, Total assets increased by $27, 700. Total assets increased by $900. Total assets increased by $21, 100. Total assets did not change
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