Question
Use the adjusted trial balance for Stockton Company to answer the question that follows. Stockton Company Adjusted Trial Balance December 31 Line Item Description Amount
Use the adjusted trial balance for Stockton Company to answer the question that follows. Stockton Company Adjusted Trial Balance December 31 Line Item Description Amount Amount Cash 6,001 Accounts Receivable 2,096 Prepaid Expenses 777 Equipment 15,254 Accumulated Depreciation 5,021 Accounts Payable 1,403 Notes Payable 5,963 Common Stock 1,000 Retained Earnings 8,624 Dividends 845 Fees Earned 7,095 Wages Expense 2,519 Rent Expense 809 Utilities Expense 482 Depreciation Expense 214 Miscellaneous Expense 109 Total 29,106 29,106 Determine the total liabilities for the period. a.$7,366 b.$12,387 c.$9,624 d.$19,107
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