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A company's January 1, 2019 balance sheet reported total assets of $168,000 and total liabilities of $69,000. During January 2019, the company completed the following
A company's January 1, 2019 balance sheet reported total assets of $168,000 and total liabilities of $69,000. During January 2019, the company completed the following transactions: (A) paid a note payable using $19,000 cash (no interest was paid); (B) collected a $18,000 accounts receivable; (C) paid a $6,800 accounts payable; and (D) purchased a truck for $6,800 cash and by signing a $29,000 note payable from a bank. The company's January 31, 2019 balance sheet would report which of the following? Multiple Choice Assets $197,000 Liabilities $130,600 Stockholders's Equity $66,400 U O Assets $171,200 Liabilities $72,200 Stockholders's Equity $99,000 O Assets $168,000 Liabilities $69,000 Stockholders's Equity $99,000 O O Assets $178.000 Liabilities $91,200 Stockholders's Equity $86,800
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