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Determine the total amount of assets shown on nelsons

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Reference no: EM132478395

Nelson company experienced the following transactions during year 1 its first year in operation

  1. issued 9,000 of common stock to stockholders
  2. provided 5,300 of services on account
  3. paid 2,350 cash for operating expenses
  4. collected 3,400 of cash from accounts receivable
  5. paid a 250 cash dividend to stockholders

Question 1: the total amount of assets shown on nelsons company December 31, year 1 balance sheet is?

Reference no: EM132478395

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