Question
Wilson Trucking, Incorporated reports these account balances at January 1, Year 2 (shown in alphabetical order): Accounts Payable $ 219,000 Accounts Receivable 199,000 Buildings 479,000
Wilson Trucking, Incorporated reports these account balances at January 1, Year 2 (shown in alphabetical order): Accounts Payable $ 219,000 Accounts Receivable 199,000 Buildings 479,000 Capital Stock 679,000 Cash 159,000 Equipment 319,000 Land 399,000 Notes Payable 519,000 Retained Earnings 138,000 On January 5, Year 2, Wilson Trucking collected $174,000 of its accounts receivable, paid $149,000 on its accounts payable, and paid $22,000 on its note payable. In a trial balance prepared for Wilson Trucking on January 6, Year 2, the total of the debit column is:
Multiple Choice
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$1,384,000.
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$1,616,000.
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$1,576,000.
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$3,110,000.
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