Stockton Company Adjusted Trial Balance December 31 Cash 6,071 Accounts Receivable 2,990 Prepaid Expenses 636 Equipment 15,914 Accumulated Depreciation 13,004 Accounts Payable 1,457 Notes Payable 5,397 Common Stock 1,000 Retained Earnings 3,505 Dividends 853 Fees Earned 7,091 Wages Expense 3,455 Rent Expense 825 Utilities Expense 480 Depreciation Expense 172 Miscellaneous Expense 58 Totals 31,454 31,454 Determine the total liabilities for the period. O $4.505 O s19.858 O $6.854 O s12.607

Stockton Company Adjusted Trial Balance December 31 Cash 6,071 Accounts Receivable 2,990 Prepaid Expenses 636 Equipment 15,914 Accumulated Depreciation 13,004 Accounts Payable 1,457 Notes Payable 5,397 Common Stock 1,000 Retained Earnings 3,505 Dividends 853 Fees Earned 7,091 Wages Expense 3,455 Rent Expense 825 Utilities Expense 480 Depreciation Expense 172 Miscellaneous Expense 58 Totals 31,454 31,454 Determine the total liabilities for the period. O $4.505 O s19.858 O $6.854 O s12.607

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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