Bledsoe Company received $17,000 cash from the issue of stock on January 1, Year 1. During Year 1, Bledsoe earned $8,500 of revenue on account. The company collected $6,000 cash from accounts receivable and paid $5,400 cash for operating expenses. Based on this information alone, during Year 1,

A. Total assets increased by $20,100.
B. Total assets increased by $26,100.
C. Total assets increased by $600.
D. Total assets did not change.


Answer: A

Business

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