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A company's January 1, 2014 balance sheet reported total assets of $170,000 and total liabilities of $70,000. During January 2014, the company...
A company's January 1, 2014 balance sheet reported total assets of $170,000 and total liabilities of $70,000. During January 2014, the company completed the following transactions: (A) paid a note payable using $20,000 cash (no interest was paid); (B) collected a $19,000 accounts receivable; (C) paid a $7,000 accounts payable; and (D) purchased a truck for $7,000 cash and by signing a $30,000 note payable from a bank. The company's January 31, 2014 balance sheet would report which of the following?
Assets Liabilities Stockholders' Equity
$200,000 $134,000 $66,000
$180,000$93,000 $87,000
$170,000 $70,000 $100,000
$173,000 $73,000 $100,000
