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Wolfe Inc. Wolfe Inc. reports these account balances at January 1, 2017: Retained Earnings $ 49,000 Accounts Receivable 20,000 Accounts Payable 24,000 Capital Stock 185,000
Wolfe Inc. Wolfe Inc. reports these account balances at January 1, 2017: Retained Earnings $ 49,000 Accounts Receivable 20,000 Accounts Payable 24,000 Capital Stock 185,000 Land 153,000 Cash 13,000 Equipment 20,000 Notes Payable 28,000 Buildings 80,000 See the account balances for Wolfe Inc. above. In Wolfes trial balance prepared on January 1, 2017, the total of the credit column is a. $182,000. b. $286,000. c. $196,000. d. $166,000.
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