The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Utilities Expense 6,539 2,284 759 14,908 Depreciation Expense Miscellaneous Expense Totals 906 11,947 1,408 4,021 1,000 3,654 7,751 2,986 749 420 158 72 29,781 29,781 Determine the total liabilities for the period.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following is the adjusted trial balance for Stockton Company.
Stockton Company
Adjusted Trial Balance
December 31
Cash
Accounts Receivable
Prepaid Expenses
Equipment
Accumulated Depreciation
Accounts Payable
Notes Payable
Common Stock
Retained Earnings
Dividends
Fees Earned
Wages Expense
Rent Expense
Utilities Expense
6,539
2,284
759
14,908
Depreciation Expense
Miscellaneous Expense
Totals
906
11,947
1,408
4,021
1,000
3,654
7,751
2,986
749
420
158
72
29,781 29,781
Determine the total liabilities for the period.
Transcribed Image Text:The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Utilities Expense 6,539 2,284 759 14,908 Depreciation Expense Miscellaneous Expense Totals 906 11,947 1,408 4,021 1,000 3,654 7,751 2,986 749 420 158 72 29,781 29,781 Determine the total liabilities for the period.
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