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Q37

Question 37 Use the adjusted trial balance for Stockton Company below to answer the questions that follow. Stockton Company Adjusted Trial Balance December 31 Cash 7,530 Accounts Receivable 2,100 Prepaid Expenses 700 Equipment 13,700 Accumulated Depreciation 1,100 Accounts Payable 1,900 Notes Payable 4,300 Common Stock 1,0001 Retained Earnings 12,940 Dividends Fees Earned Wages Expense 2,500 Rent Expense 1,960 Utilities Expense 775 Depreciation Expense Miscellaneous Expense 185 Totals 30,490 30,490 Determine the total liabilities for the period. O $1,900 $4,300 $20,240 $6,200