Assume a company's January 1, 2006, financial position was: Assets, $150,000 and Liabilities, $60,000. During January 2006, the company completed the following transactions: (a) paid on a note payable $10,000 (no interest was paid); (b) collected an accounts receivable, $9,000; (c) paid an accounts payable, $5,000; and (d) purchased a truck, $5,000 cash, and a $20,000 note payable. The company's January 31, 2006 financial position is
ASSETS ?
LIABILITIES ?
STOCK HOLDERS EQUITY?
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