Nelson Company experienced the following transactions during Year 1, its first year in operation. 9...
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Nelson Company experienced the following transactions during Year 1, its first year in operation. 9 & 003525 1. Acquired $9,600 cash by issuing common stock. 2. Provided $5,900 of services on account. 3. Paid $2,500 cash for operating expenses. 4. Collected $3,700 of cash from customers in partial settlement of its accounts recevable. 5. Paid a $280 cash dividend to stockholders. Print What is the amount of total assets that will be reported on the balance sheet as of December 31, Year 1? Multiple Choice $10.520 $12720 $13,000 $10,800
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