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Question 6 Use the following information in the Adjusted Trial Balance for LF Company for the year ended December 31, 20X1 to answer the
Question 6 Use the following information in the Adjusted Trial Balance for LF Company for the year ended December 31, 20X1 to answer the below question. Cash Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Stockholder Capital Dr Cr $6,530 2,100 700 13,700 $1,100 1,900 4,300 12,940 Dividends 790 20 Fees Earned 9,250 Wages Expense 2,500 Rent Expense 1,960 Utilities Expense 775 Depreciation Expense 250 Miscellaneous Expense 185 TOTALS $29,490 $29,490 Question:Determine the total liabilities for the period. $1,900 $4,300 $6,200 $20,240
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