A company's January 1, 2019 balance sheet reported total assets of $153,000 and total liabilities of $61,500. During January 2019, the company completed the following transactions:______. (A) paid a note payable using $11,500 cash (no interest was paid); (B) collected a $10,500 accounts receivable; (C) paid a $5,300 accounts payable; and (D) purchased a truck for $5,300 cash and by signing a $21,500 note payable from a bank. The company's January 31, 2019 balance sheet would report which of the following?Assets Liabilities Stockholders's Equity$163,000 $77,700 $85,300Assets Liabilities Stockholders's Equity$153,000 $61,500 $91,500Assets Liabilities Stockholders's Equity$174,500 $105,100 $69,400Assets Liabilities Stockholders's Equity$157,700 $66,200 $91,500

D- Company's standings as on 31st January 2019 will be assets amounting to $157700, the liabilities will amount to $66200 and stockholder's equity in the company stands at $91500.

It is to be noted that the assets of the firm are always equal to the summation of total liabilities of the firm along with stockholder's equity being held in the company for such period.

We know the formula that Liabilities of a firm are calculated by the way of subtracting the stockholder's equity of the company from the total assets being held by the company.

Various adjustments occurred during the period of making such accounting entries and hence this resulted in obtaining the true and fair values of positioning of the company.

After due adjustments the values are calculated as shown given in the image below.

Hence, the assets are calculated as $157700, the liabilities of the company stand at $66200 and the stockholder's equities stand at $91500.

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