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A company's January 1, 2019 balance sheet reported total assets of $153,000 and total liabilities of $61,500. During January 2019, the company completed the following
A company's January 1, 2019 balance sheet reported total assets of $153,000 and total liabilities of $61,500. During January 2019, the company completed the following transactions: (A) paid a note payable using $11,500 cash (no interest was paid); (B) collected a $10,500 accounts receivable; (C) paid a $5,300 accounts payable; and (D) purchased a truck for $5,300 cash and by signing a $21,500 note payable from a bank. The company's January 31, 2019 balance sheet would report which of the following?
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Assets Liabilities Stockholders's Equity $163,000 $77,700 $85,300 -
Assets Liabilities Stockholders's Equity $153,000 $61,500 $91,500 -
Assets Liabilities Stockholders's Equity $174,500 $105,100 $69,400 -
Assets Liabilities Stockholders's Equity $157,700 $66,200 $91,500
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