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Wilson Trucking, Incorporated reports these account balances at January 1, Year 2(shown in alphabetical order):...

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Accounting

Wilson Trucking, Incorporated reports these account balances at January 1, Year 2(shown in alphabetical order):
Accounts Payable $ 220,000
Accounts Receivable 200,000
Buildings 480,000
Capital Stock 680,000
Cash 160,000
Equipment 320,000
Land 400,000
Notes Payable 520,000
Retained Earnings 140,000
On January 5, Year 2, 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 6, Year 2, the total of the debit column is:
Select one:
a. $3,120,000.
b. $1,620,000.
c. $1,580,000.
d. $1,399,000.

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