Business, 05.05.2020 16:28 mv603177

A company's January 1, 2016 balance sheet reported total assets of $150,000 and total liabilities of $60,000. During January 2016, the company completed the following transactions: (A) paid a note payable using $10,000 cash (no interest was paid); (B) collected a $9,000 accounts receivable; (C) paid a $5,000 accounts payable; and (D) purchased a truck for $5,000 cash and by signing a $20,000 note payable from a bank. The company's January 31, 2016 balance sheet would report which of the following?
Assets Liabilities Stockholder's Equity
A. $150.000 $60,000 $90,000
B. $155,000 $65,000 $90,000
C. $160,000 $75,000 $85,000
D. $170,000 $100,000 $70,000

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A company's January 1, 2016 balance sheet reported total assets of $150,000 and total liabilities of...

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