Norris Company experienced the following transactions during 2013, its first year in operation.
1) Issued $6,000 of common stock to stockholders.
2) Provided $2,300 of services on account.
3) Paid $1,600 cash for operating expenses.
4) Collected $1,900 of cash from accounts receivable.
5) Paid a $100 cash dividend to stockholders.
The total amount of assets shown on Norris Company's December 31, 2013 balance sheet is:
A) $6,200.
B) $6,600.
C) $6,700.
D) None of these.
Correct Answer:
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