Use the adjusted trial balance for Stockton Company to answer the question that follows. Stockton CompanyAdjusted Trial BalanceDecember 31 Line Item Description Amount Amount Cash 6,616 Accounts Receivable 2,752 Prepaid Expenses 744 Equipment 14,898 Accumulated Depreciation 9,632 Accounts Payable 1,420 Notes Payable 4,773 Common Stock 1,000 Retained Earnings 5,496 Dividends 675 Fees Earned 7,067 Wages Expense 2,008 Rent Expense 839 Utilities Expense 498 Depreciation Expense 273 Miscellaneous Expense 85 Total 29,388 29,388 Determine the total liabilities for the period. a. $15,378 b. $6,193 c. $6,496 d. $15,825
Use the adjusted trial balance for Stockton Company to answer the question that follows. Stockton CompanyAdjusted Trial BalanceDecember 31 Line Item Description Amount Amount Cash 6,616 Accounts Receivable 2,752 Prepaid Expenses 744 Equipment 14,898 Accumulated Depreciation 9,632 Accounts Payable 1,420 Notes Payable 4,773 Common Stock 1,000 Retained Earnings 5,496 Dividends 675 Fees Earned 7,067 Wages Expense 2,008 Rent Expense 839 Utilities Expense 498 Depreciation Expense 273 Miscellaneous Expense 85 Total 29,388 29,388 Determine the total liabilities for the period. a. $15,378 b. $6,193 c. $6,496 d. $15,825
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter5: Accounting For Retail Businesses
Section: Chapter Questions
Problem 28E: Multiple-step income statement The following income statement for Curbstone Company was prepared for...
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Use the adjusted
Stockton CompanyAdjusted Trial BalanceDecember 31trial balance for Stockton Company to answer the question that follows.Line Item Description Amount Amount Cash 6,616 Accounts Receivable 2,752 Prepaid Expenses 744 Equipment 14,898 Accumulated Depreciation 9,632 Accounts Payable 1,420 Notes Payable 4,773 Common Stock 1,000 Retained Earnings 5,496 Dividends 675 Fees Earned 7,067 Wages Expense 2,008 Rent Expense 839 Utilities Expense 498 Depreciation Expense 273 Miscellaneous Expense 85 Total 29,388 29,388 Determine the total liabilities for the period.
a. $15,378b. $6,193c. $6,496d. $15,825
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