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  3. bledsoe company acquired $25,000 cash by issuing c

Bledsoe Company acquired $25,000 cash by issuing common stock on January 1, Year 1. During...

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Accounting

Bledsoe Company acquired $25,000 cash by issuing common stock on January 1, Year 1. During Year 1, Bledsoe earned $9,500 of revenue on the account. The company collected $8,000 cash from customers in partial settlement of its accounts receivable and paid $6,400 cash for operating expenses. Based on this information alone, what was the impact on total assets during Year 1?

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