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.
Chapter4: The Adjustment Process
Section: Chapter Questions
Problem 7PB: Using the following information, A. Make the December 31 adjusting journal entry for depreciation....
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