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With steps please, thanks! m Nelson Company began operations on December 1,...

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Accounting

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m Nelson Company began operations on December 1, Year 1. The following transactions and adjustments were recorded in December and posted to the company's ledger accounts: 5) Purchased $1,200 of supplies on account to be used in January 1:46:34 1) Acquired $6,600 cash from the issue of common stock to its stockholders 2) Provided services on account for $6,100 3) Paid $3,300 cash for land 4) Owed $2,800 of salaries expenses to employees for work done in December that will be paid during January 6) Collected $3,100 from customers What is the total of the debit account balances that will be reported on the company's adjusted trial balance at December 31, Year 1? Multiple Choice $12,500 $6,300 $9,400 $16.700

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