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Nelson Company experienced the following transactions during Year 1, its first year in operation. Issued $8,000 of common stock to stockholders. Provided $4,300 of services
Nelson Company experienced the following transactions during Year 1, its first year in operation.
- Issued $8,000 of common stock to stockholders.
- Provided $4,300 of services on account.
- Paid $2,100 cash for operating expenses.
- Collected $2,900 of cash from accounts receivable.
- Paid a $200 cash dividend to stockholders.
The total amount of assets shown on Nelson Company's December 31, Year 1 balance sheet is:
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