CourseLover

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    Devry University
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    NatSteel Holdings Pte Ltd
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Category > Accounting Posted 14 Dec 2017 My Price 10.00

financial position of a company

Assume a company's January 1, 2009 financial position was:  Assets, $150,000 and liabilities, $60,000.  During January 2009, the company completed the following transactions:  A.  paid on a note payable $10,000 (no interest was paid); B. collected accounts receivable $9,000; C. paid an accounts payable $5,000 and D. purchased a truck, $5,000 cash and a $20,000 note payable from a bank.  The company's January 31, 2009 financial position is:

 

a. Assets=$150,000; Liabilities=$60,000; Stockholders Equity = 90,000

b. assets = $155,000; liabilities = 65,000 Stockholders equity = 90,000

c. assets = 160,000; liabilities = 75,000; SE = 85,000

d. assets = 170,000; liabilities = 100,000, SE= 70,000

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CourseLover
(12)
Status NEW Posted 14 Dec 2017 07:12 AM My Price 10.00

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