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The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 1: Cash $ 3,400 Accounts receivable

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The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 1: Cash $ 3,400 Accounts receivable Dividends Land Accounts payable 1,700 Common stock 2,000 Revenue 1,050 Expense What is the amount of total assets on Carolina's December 31, Year 1 balance sheet? Multiple Choice $6,850 $8,850) $5,400 $8,550 $ 1,450 2,175 2,000 1,150

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