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