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Nelson Company experienced the following transactions during Year 1, its first year in operation. Issued $8,600 of common stock to stockholders Provided $4,900 of services
Nelson Company experienced the following transactions during Year 1, its first year in operation. Issued $8,600 of common stock to stockholders Provided $4,900 of services on account Paid $2,250 cash for operating expenses Collected $3,200 of cash from accounts receivable Paid a $230 cash dividend to stockholders What is the total amount of assets shown on the balance sheet prepared as of December 31, Year 1? Multiple Choice O $11,020 o $9,780 O $11,250 O $9,320
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