Question
Wilson Trucking, Incorporated reports these account balances at January 1, Year 2 (shown in alphabetical order): Accounts Payable $ 212,000 Accounts Receivable 192,000 Buildings 472,000
Wilson Trucking, Incorporated reports these account balances at January 1, Year 2 (shown in alphabetical order): Accounts Payable $ 212,000 Accounts Receivable 192,000 Buildings 472,000 Capital Stock 672,000 Cash 152,000 Equipment 312,000 Land 392,000 Notes Payable 512,000 Retained Earnings 124,000 On January 5, Year 2, Wilson Trucking collected $167,000 of its accounts receivable, paid $142,000 on its accounts payable, and paid $29,000 on its note payable. In a trial balance prepared for Wilson Trucking on January 6, Year 2, the total of the debit column is:
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