Wilson Trucking, Inc. reports these account balances at January 1, 2018 (shown in alphabetical order): Accounts Payable$220,000Accounts
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Question:
Wilson Trucking, Inc. reports these account balances at January 1, 2018 (shown in alphabetical order):
Accounts Payable$220,000Accounts Receivable$200,000Buildings$480,000Capital Stock$680,000Cash$160,000Equipment$320,000Land$400,000Notes Payable$520,000Retained 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 note payable.
In a trial balance prepared for Wilson Trucking on January 6, 2018, the total of the debit column is:
Select one:
a. $1,580,000.
b. $1,399,000.
c. $1,620,000.
d. $3,120,000.
Posted Date: