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Question 49

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Wilson Trucking,Inc.reports these account balances at January 1,2018 (shown in alphabetical order) :
[The following information applies to the questions displayed below.] Wilson Trucking,Inc.reports these account balances at January 1,2018 (shown in alphabetical order) :    On January 5,Wilson Trucking collected $175,000 of its accounts receivable,paid $150,000 on its accounts payable,and paid $11,000 on its note payable. -On January 6,2018,total liabilities are: A) $901,000. B) $579,000. C) $1,399,000. D) $1,721,000. On January 5,Wilson Trucking collected $175,000 of its accounts receivable,paid $150,000 on its accounts payable,and paid $11,000 on its note payable.
-On January 6,2018,total liabilities are:


A) $901,000.
B) $579,000.
C) $1,399,000.
D) $1,721,000.

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