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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:

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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: 5) Purchased $500 of supplies on account to be used in January 1) Acquired $3,800 cash from the issue of common stock to its stockholders 2) Provided services on account for $3,300 3) Paid $1,900 cash for land 4) Owed $1,400 of salaries expenses to employees for work done in December that will be paid during January 6) Collected $1,700 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 $5,200 $9,000 Chann

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