The following is a trial balance of Barnhart Company as December 31, Year 1:Account Title:DebitCreditCash12,500   Accounts Receivable3,250   Accounts Payable  2,800 Common Stock  6,600 Retained Earnings  4,500 Service Revenue  7,450 Operating Expenses5,100   Dividends500   Totals21,350 21,350 What is the total amount of assets that will be reported on the balance sheet prepared as of December 31, Year 1?

A. $23,200
B. $15,750
C. $21,350
D. $12,500


Answer: B

Business

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