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Norris Company experienced the following transactions during 2013, its first year in operation. 1. Issued $8,600 of common stock to stockholders. 2. Provided $4,900 of
Norris Company experienced the following transactions during 2013, its first year in operation. 1. Issued $8,600 of common stock to stockholders. 2. Provided $4,900 of services on account. 3. Paid $2,250 cash for operating expenses. 4. Collected $3,200 of cash from accounts receivable. 5. Paid a $230 cash dividend to stockholders.
The total amount of assets shown on Norris Company's December 31, 2013 balance sheet is:
$11,250.
None of these.
$11,020.
$9,320.
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