Question
Use the adjusted trial balance for Stockton Company to answer the question that follow. Stockton Company Adjusted Trial Balance December 31 Account No. Debit Balances
Use the adjusted trial balance for Stockton Company to answer the question that follow. Stockton Company Adjusted Trial Balance December 31 Account No. Debit Balances Credit Balances Cash 11 6,576 Accounts Receivable 12 2,104 Prepaid Expenses 13 755 Equipment 18 13,176 Accumulated Depreciation 19 1,287 Accounts Payable 21 1,718 Notes Payable 22 4,057 Bob Steely, Capital 31 14,799 Bob Steely, Drawing 32 968 Fees Earned 41 6,048 Wages Expense 51 2,880 Rent Expense 52 726 Utilities Expense 53 395 Depreciation Expense 54 251 Miscellaneous Expense 59 78 Totals 27,909 27,909 Use the adjusted trial balance for Stockton Company. Determine the total liabilities for the period. a. $1,718 b. $13,176 c. $5,775 d. $4,057
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