Use the following information in the adjusted trial balance for Stockton Company to answer the following questions. Stóckton Company Adjusted Trial Balance For the Year ended December 31, 20XX $ 6,030 Cash 2,100 Accounts Receivable 700 Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Bob Steely, Capital Bob Steely, Withdrawals Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense 13,700 $ 1,100 1,900 4,200 12,940 790 8,750 2,500 1,960 775 250 85 $28,890 Totals $28,890 Determine the total liabilities for the period.
Use the following information in the adjusted trial balance for Stockton Company to answer the following questions. Stóckton Company Adjusted Trial Balance For the Year ended December 31, 20XX $ 6,030 Cash 2,100 Accounts Receivable 700 Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Bob Steely, Capital Bob Steely, Withdrawals Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense 13,700 $ 1,100 1,900 4,200 12,940 790 8,750 2,500 1,960 775 250 85 $28,890 Totals $28,890 Determine the total liabilities for the period.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question

Transcribed Image Text:Use the following information in the adjusted trial balance for Stockton Company to answer the following
questions.
Stóckton Company
Adjusted Trial Balance
For the Year ended December 31, 20XX
$ 6,030
Cash
2,100
Accounts Receivable
700
Prepaid Expenses
Equipment
Accumulated Depreciation
Accounts Payable
Notes Payable
Bob Steely, Capital
Bob Steely, Withdrawals
Fees Earned
Wages Expense
Rent Expense
Utilities Expense
Depreciation Expense
Miscellaneous Expense
13,700
$ 1,100
1,900
4,200
12,940
790
8,750
2,500
1,960
775
250
85
$28,890
Totals
$28,890

Transcribed Image Text:Determine the total liabilities for the period.
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