How much are total liabilities?$44690$40150$36090$48940 The adjusted trial balance for the year ended December 31 for Sheffield Company is presented below:CashAccounts receivablePrepaid rentSuppliesEquipmentAccumulated depreciation-equipmentAccounts payableNotes payableInterest payableSalaries payableUnearned revenueSHEFFIELD COMPANYAdjusted Trial BalanceDecember 31D. Sheffield, capitalD. Sheffield, drawingsService revenueSalaries expenseUtilities expenseRent expenseSupplies expenseDepreciation expenseInterest expenseDebit$672075303140126041100669045404450293013201740420$81840Credit$411068302800042084086001504018000$81840

Total liabilities are those amounts that are people to the outsider in lieu of services or products…

The adjusted trial balance for the year ended December 31 for Sheffield Company is presented below: Cash SHEFFIELD COMPANY Adjusted Trial Balance December 31 Accounts receivable Prepaid rent Supplies Equipment Accumulated depreciation-equipment Accounts payable Notes payable Interest payable Salaries payable Unearned revenue D. Sheffield, capital D. Sheffield, drawings Service revenue Salaries expense Utilities expense Rent expense Supplies expense Depreciation expense Interest expense Debit $6720 7530 3140 1260 41100 6690 4540 4450 2930 1320 1740 420 $81840 Credit $4110 6830 28000 420 840 8600 15040 18000 $81840

The adjusted trial balance for the year ended December 31 for Sheffield Company is presented below: Cash SHEFFIELD COMPANY Adjusted Trial Balance December 31 Accounts receivable Prepaid rent Supplies Equipment Accumulated depreciation-equipment Accounts payable Notes payable Interest payable Salaries payable Unearned revenue D. Sheffield, capital D. Sheffield, drawings Service revenue Salaries expense Utilities expense Rent expense Supplies expense Depreciation expense Interest expense Debit $6720 7530 3140 1260 41100 6690 4540 4450 2930 1320 1740 420 $81840 Credit $4110 6830 28000 420 840 8600 15040 18000 $81840

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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