[The Following Information Applies to the Questions Displayed Below

question 8

Multiple Choice

[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.
-In a trial balance prepared for Wilson Trucking on January 1,2018,the total of the credit column is:

• A)$1,580,000.
• B)$1,560,000.
• C)$1,620,000.
• D)$3,120,000.

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Definitions:

Reluctant

Feeling or showing hesitation, unwillingness, or disinclination.

Imperfectly Monitored

A condition where the actions or performances are not fully observed or regulated, often leading to incomplete information or enforcement.

Agent

An agent in economics is an individual or entity that makes decisions impacting the allocation of resources or engagements in economic transactions.

Undesirable Behavior

Actions or patterns of action viewed as negative by society and often lead to social or legal penalties.