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A company's January 1, 2019 balance sheet reported total assets of $155,000 and total liabilities of $62,500. During January 2019, the company completed the following
A company's January 1, 2019 balance sheet reported total assets of $155,000 and total liabilities of $62,500. During January 2019, the company completed the following transactions: (A) paid a note payable using $12,500 cash (no interest was paid); (B) collected a $11,500 accounts receivable; (C) paid a $5,500 accounts payable; and (D) purchased a truck for $5,500 cash and by signing a $22,500 note payable from a bank. The company's January 31, 2019 balance sheet would report which of the following? Multiple Choice o Assets $177,500 Liabilities $108,500 Stockholders's Equity $69,000 Assets $159,500 Liabilities $67,000 Stockholders's Equity $92,500 Assets $155,000 Liabilities $62,500 Stockholders's Equity $92,500 Assets $165,000 Liabilities $79,500 Stockholders's Equity $85,500
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