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Bledsoe Company received $31,000 cash from the issue of stock on January 1, 2016. During 2016 Bledsoe earned $10, 100 of revenue on account. The
Bledsoe Company received $31,000 cash from the issue of stock on January 1, 2016. During 2016 Bledsoe earned $10, 100 of revenue on account. The company collected $9, 200 cash from accounts receivable and paid $7,000 cash for operating expenses. Based on this information alone, during 2016, Total assets increased by $34, 100. Total assets did not change. Total assets increased by $2, 200. Total assets increased by $43, 300
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