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

question 121

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.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

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