The following is the adjusted trial balance for Stockton Company. Determine the

Question

The following is the adjusted trial balance for Stockton Company.

Determine the total liabilities for the period.

$9,417

$7,427

$13,151

$18,110

Stockton Company
Adjusted Trial Balance
December 31 Cash 5,234 Accounts Receivable 2,514 Prepaid Expenses 683 Equipment 15,403 Accumulated Depreciation 5,724 Accounts Payable 1,657 Notes Payable 5,770 Common Stock 1,000 Retained Earnings 7,417 Dividends 601 Fees Earned 6,133 Wages Expense 2,740 Rent Expense 813 Utilities Expense 450 Depreciation Expense 176 Miscellaneous Expense 87 Totals 28,701 28,701

Explanation / Answer

CALCULATION OF TOTAL LIABILITIES

Particulars Amount Accounts payable 1657 Notes payable 5770 Total liabilities 7427

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