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Bledsoe Company received $23,000 cash from the issue of stock on January 1, Year 1. During Year 1, Bledsoe earned $9,300 of revenue on
Bledsoe Company received $23,000 cash from the issue of stock on January 1, Year 1. During Year 1, Bledsoe earned $9,300 of revenue on account. The company collected $7,600 cash from accounts receivable and paid $6,200 cash for operating expenses. Based on this information alone, during Year 1, which of the following statements is true? Multiple Choice Total assets increased by $33,700. Total assets increased by $1,400. Total assets increased by $26,100 Total assets did not change
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