Wolfe Inc.
Wolfe Inc.reports these account balances at January 1, 2015:
-See the account balances for Wolfe Inc.
On January 31, Wolfe collected $12,000 of its accounts receivable and paid $11,000 on its note payable.In Wolfe's trial balance prepared on January 1, 2015, the total of the credit column is:
A)$182,000
B)$286,000
C)$196,000
D)$166,000

Question

Wolfe Inc.
Wolfe Inc.reports these account balances at January 1, 2015: 
-See the account balances for Wolfe Inc.
On January 31, Wolfe collected $12,000 of its accounts receivable and paid $11,000 on its note payable.In Wolfe's trial balance prepared on January 1, 2015, the total of the credit column is:
A)$182,000 
B)$286,000 
C)$196,000 
D)$166,000

Quizplus · Accepted Answer

The Answer of Wolfe Inc.
Wolfe Inc.reports these account balances at January 1, 2015: 
-See the account balances for Wolfe Inc.
On January 31, Wolfe collected $12,000 of its accounts receivable and paid $11,000 on its note payable.In Wolfe's trial balance prepared on January 1, 2015, the total of the credit column is:
A)$182,000 
B)$286,000 
C)$196,000 
D)$166,000

Wolfe Inc. Wolfe Inc.reports These Account Balances at January 1, 2015