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 $1,050 of supplies on account to be used in January 1) Acquired $6,000 cash from the issue of common stock to its stockholders 2) Provided services on account for $5,500 3) Paid $3,000 cash for land 4) Owed $2,500 of salaries expenses to employees for work done in December that will be paid during January 6) Collected $2,800 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 $5,700 $8,500 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 $5,700 $8,500 $11,300 $15,050