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 31, 2015, the total of the credit column is:
A)$297,000
B)$287,000
C)$286,000
D)$275,000

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 31, 2015, the total of the credit column is:
A)$297,000 
B)$287,000 
C)$286,000 
D)$275,000

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 31, 2015, the total of the credit column is:
A)$297,000 
B)$287,000 
C)$286,000 
D)$275,000

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