Transcribed Image Text: A company’s January 1, 2019 balance sheet reported total assets of $167,000 and total liabilities of $68,500

Transcribed Image Text: A company’s January 1, 2019 balance sheet reported total assets of $167,000 and total liabilities of $68,500. During January 2019, the company
completed the following transactions: (A) paid a note payable using $18,500 cash (no interest was paid); (B) collected a $17,500 accounts receivable;
(C) paid a $6,700 accounts payable; and (D) purchased a truck for $6,700 cash and by signing a $28,500 note payable from a bank. The company’s
January 31, 2019 balance sheet would report which of the following?
Multiple Choice
Stockholders’s Equity
$86,700
Assets
Liabilities
$177,000
$90,300
Stockholders’s Equity
$66,600
Assets
Liabilities
$195,500
$128,900
Stockholders’s Equity
$98,500
Assets
Liabilities
$170,300
$71,800
Stockholders’s Equity
$98,500
Assets
Liabilities
$167,000
$68,500

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