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
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