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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
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 | 1,000 | |
Retained Earnings | 12,940 | |
Dividends | 790 | |
Fees Earned | 9,250 | |
Wages Expense | 2,500 | |
Rent Expense | 1,960 | |
Utilities Expense | 775 | |
Depreciation Expense | 250 | |
Miscellaneous Expense | 185 | |
Totals | 30,490 | 30,490 |
Determine the total liabilities for the period.
A $4,300
B $6,200
C $20,240
D $1,900
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