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Stockton Company Adjusted Trial Balance December 31 Cash 6,243 Accounts Receivable 2,549 Prepaid Expenses 771 Equipment 14,816 Accumulated Depreciation 7,657 Accounts Payable 1,758 Notes Payable 4,696 Common Stock 1,000 Retained Earnings 6,897 Dividends 1,000 Fees Earned 7,628 Wages Expense 2,883 Rent Expense 746 Utilities Expense 328 Depreciation Expense 188 Miscellaneous Expense 112 Totals 29,636 29,636 Determine the total liabilities for the period. O S14,111 O $16,722 O$64S4

Stockton Company Adjusted Trial Balance December 31 Cash 6,243 Accounts Receivable 2,549 Prepaid Expenses 771 Equipment 14,816 Accumulated Depreciation 7,657 Accounts Payable 1,758 Notes Payable 4,696 Common Stock 1,000 Retained Earnings 6,897 Dividends 1,000 Fees Earned 7,628 Wages Expense 2,883 Rent Expense 746 Utilities Expense 328 Depreciation Expense 188 Miscellaneous Expense 112 Totals 29,636 29,636 Determine the total liabilities for the period. O S14,111 O $16,722 O$64S4

FINANCIAL ACCOUNTING
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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Please determine Total liabilities

Stockton Company Adjusted Trial Balance December 31 Cash 6,243 Accounts Receivable 2,549 Prepaid Expenses 771 Equipment 14,816 Accumulated Depreciation 7,657 Accounts Payable 1,758 Notes Payable 4,696 Common Stock 1,000 Retained Earnings 6,897 Dividends 1,000 Fees Earned 7,628 Wages Expense 2,883 Rent Expense 746 Utilities Expense 328 Depreciation Expense 188 Miscellaneous Expense 112 Totals 29,636 29,636 Determine the total liabilities for the period. O $14,111 $16,722 $6,454
Transcribed Image Text:Stockton Company Adjusted Trial Balance December 31 Cash 6,243 Accounts Receivable 2,549 Prepaid Expenses 771 Equipment 14,816 Accumulated Depreciation 7,657 Accounts Payable 1,758 Notes Payable 4,696 Common Stock 1,000 Retained Earnings 6,897 Dividends 1,000 Fees Earned 7,628 Wages Expense 2,883 Rent Expense 746 Utilities Expense 328 Depreciation Expense 188 Miscellaneous Expense 112 Totals 29,636 29,636 Determine the total liabilities for the period. O $14,111 $16,722 $6,454
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