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20j Use the adjusted trial balance for Stockton Company to answer the question that follows. Stockton Company Adjusted Trial Balance December 31 Account No. Debit
20j Use the adjusted trial balance for Stockton Company to answer the question that follows.
Stockton Company Adjusted Trial Balance December 31 | |||
Account No. | Debit Balances | Credit Balances | |
Cash | 11 | 6,452 | |
Accounts Receivable | 12 | 2,028 | |
Prepaid Expenses | 13 | 631 | |
Equipment | 18 | 14,309 | |
Accumulated Depreciation | 19 | 1,320 | |
Accounts Payable | 21 | 1,538 | |
Notes Payable | 22 | 5,770 | |
Bob Steely, Capital | 31 | 11,884 | |
Bob Steely, Drawing | 32 | 638 | |
Fees Earned | 41 | 7,367 | |
Wages Expense | 51 | 2,199 | |
Rent Expense | 52 | 821 | |
Utilities Expense | 53 | 484 | |
Depreciation Expense | 54 | 196 | |
Miscellaneous Expense | 59 | 121 | |
Totals | 27,879 | 27,879 |
Determine the total liabilities for the period.
a.$1,538
b.$7,308
c.$5,770
d.$14,309
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