Wilson Trucking, Inc. reports these account balances at January 1, 2015 (shown in alphabetical order):Accounts Payable $220,000Accounts Receivable $200,000Buildings $480,000Capital Stock $680,000Cash $160,000Equipment $320,000Land $400,000Notes Payable $520,000Retained Earnings $140,000On 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.Refer to the information above. In a trial balance prepared on January 6, 2015, the total of the credit column is:__________.(a) $1,721,000(b) $1,350,000(c) $1,399,000(d) $1,560,000.

The items on the credit column would be the sum of accounts payable, capital stock, notes payable and retained earnings minus the payment of accounts payable and notes payable

Accounts payable is $220,000

capital stock is $680,000

notes payable is $520,000

retained earnings is $140,000

payment in respect of accounts payable is $150,000

payment in respect of notes payable is $11,000

total of credit column=$220,000+$680,000+$520,000+$140,000-$150,000-$11,000=$ 1,399,000.00

abiolataiwo2015 abiolataiwo2015 · Answer 2 · 2021-12-28T13:21:06+01:00

Based on the information given the total of the credit column is:(c) $1,399,000.

Credit column

Accounts payable $220,000

Capital stock $680,000

Notes payable $520,000

Retained earnings $140,000

Less payment in respect of accounts payable ($150,000)

Less payment in respect of notes payable ($11,000)

Total credit column $1,399,000

Inconclusion the total of the credit column is:(c) $1,399,000.

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