Final answer:
The company's January 31, 20x1 financial position is assets: $45,000 and liabilities: $19,000.
Step-by-step explanation:
The company's January 31, 20x1 financial position can be determined by analyzing the effect of the transactions on the assets and liabilities.
- (a) Paid on a note payable, $4,000: This decreases liabilities by $4,000.
- (b) Collected trade receivables, $4,000: This increases assets by $4,000.
- (c) Paid trade payables, $2,000: This decreases assets by $2,000.
- (d) Purchased a truck, $1,000 cash, and signed a note payable, $8,000: This increases assets by $1,000 and liabilities by $8,000.
By considering all these transactions, the company's assets would be ($40,000 + $4,000 + $1,000) = $45,000, and its liabilities would be ($15,000 - $4,000 + $8,000) = $19,000.
Hence, the company's January 31, 20x1 financial position is assets: $45,000 and liabilities: $19,000.