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A company's January 1, 2019 balance sheet reported total assets of $167,000 and total liabilities of $68,500. During January 2019, the company completed the following

A company's January 1, 2019 balance sheet reported total assets of $167,000 and total liabilities of $68,500. During January 2019, the company completed the following transactions: (A) paid a note payable using $18,500 cash (no interest was paid); (B) collected a $17,500 accounts receivable; (C) paid a $6,700 accounts payable; and (D) purchased a truck for $6,700 cash and by signing a $28,500 note payable from a bank. The company's January 31, 2019 balance sheet would report which of the following?

Multiple Choice

A

Assets Liabilities Stockholders's Equity
$170,300 $71,800 $98,500

B

Assets Liabilities Stockholders's Equity
$167,000 $68,500 $98,500

C

Assets Liabilities Stockholders's Equity
$177,000 $90,300 $86,700

D

Assets Liabilities Stockholders's Equity
$195,500 $128,900 $66,600

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