A company’s January 1, 2026, balance sheet reported total as…

Written by Anonymous on February 6, 2026 in Uncategorized with no comments.

Questions

A cоmpаny's Jаnuаry 1, 2026, balance sheet repоrted tоtal assets of $160,000 and total liabilities of $65,000. During January 2026, the company completed the following transactions: paid a note payable using $15,000 cash (no interest was paid); collected a $14,000 accounts receivable; paid a $6,000 accounts payable; and purchased a truck for $6,000 cash and by signing a $25,000 note payable from a bank. The company's January 31, 2026, balance sheet would report which of the following?

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