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Wilson Trucking, Inc. reports these account balances at January 1, 2018 (shown in alphabetical order): Accounts Payable $220,000 Accounts Receivable 200,000 Buildings 480,000 Capital Stock
Wilson Trucking, Inc. reports these account balances at January 1, 2018 (shown in alphabetical order): Accounts Payable $220,000 Accounts Receivable 200,000 Buildings 480,000 Capital Stock 680,000 Cash 160,000 Equipment 320,000 Land 400,000 Notes Payable 520,000 Retained Earnings 140,000 On January 5, Wilson Trucking collected $175,000 of its accounts receivable, paid $150,000 on its accounts payable, and paid $11,000 on its notes payable On January 6, 2018, total liabilities are: $579,000 $1,399,000 $901,000 $1,721,000 Wilson Trucking, Inc. reports these account balances at January 1, 2018 (shown in alphabetical orders: Accounts Payable $220,000 Accounts Receivable 200,000 Buildings 480,000 Capital Stock 680,000 Cash 160,000 Equipment 320,000 Land 400,000 Notes Payable 520,000 Retained Earnings 140,000 On January 5, Wilson Trucking collected $175,000 of its accounts receivable, paid $150,000 on its accounts payable, and paid $11.000 on its notes payable On January 6, 2018, total assets are: $1,399,000 $1,560,000 $1,350,000 $1.574,000
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