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

Multiple Choice

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.On January 31, 2015, the total liabilities are:

A) $0
B) $56,000
C) $41,000
D) $30,000