Answer:
The correct option is C,$ 1,399,000
Explanation:
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
