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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 | 5,007 | |
Accounts Receivable | 12 | 2,631 | |
Prepaid Expenses | 13 | 767 | |
Equipment | 18 | 14,380 | |
Accumulated Depreciation | 19 | 1,268 | |
Accounts Payable | 21 | 1,492 | |
Notes Payable | 22 | 5,433 | |
Bob Steely, Capital | 31 | 12,689 | |
Bob Steely, Drawing | 32 | 969 | |
Fees Earned | 41 | 7,484 | |
Wages Expense | 51 | 2,906 | |
Rent Expense | 52 | 868 | |
Utilities Expense | 53 | 496 | |
Depreciation Expense | 54 | 267 | |
Miscellaneous Expense | 59 | 75 | |
Totals | 28,366 | 28,366 |
Use the adjusted trial balance for Stockton Company. Determine the total liabilities for the period.
a.$5,433
b.$14,380
c.$6,925
d.$1,492
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