EquipmentAccumulated DepreciationAccounts PayableNotes PayableBob Steely, CapitalBob Steely, DrawingFees EarnedWages ExpenseRent ExpenseUtilities ExpenseDepreciation ExpenseMiscellaneous ExpenseTotalsDetermine the total liabilities for the period.Oa. $6,593Ob. $1,560Oc. $5,033Od. $13,876181319 1 2 324 3921223141515253545913,8769042,35080733817011427,9011,3911,5605,03313,6476,27027,901 Stockton CompanyAdjusted Trial BalanceDecember 31CashAccounts ReceivablePrepaid ExpensesEquipmentAccumulated DepreciationAccounts PayableNotes PayableBob Steely, CapitalBob Steely, DrawingFees EarnedWages ExpenseRent ExpenseUtilities ExpenseDepreciation ExpenseMiscellaneous ExpenseTotalsAccount DebitCreditNo. Balances Balances115,725122,957136601813,876191,391211,560225,0333113,64732416,27051525354599042,35080733817011427,90127,901

Liabilities are the amount of debt owed by company towards outsiders . These are the financial…

Stockton Company Adjusted Trial Balance December 31 Account No. 11 12 13 18 19 21 22 31 32 41 51 52 53 54 59 Cash Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Bob Steely, Capital Bob Steely, Drawing Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense Totals Debit Credit Balances Balances 5,725 2,957 660 13,876 1,391 1,560 5,033 13,647 6,270 904 2,350 807 338 170 114 27,901 27,901

Stockton Company Adjusted Trial Balance December 31 Account No. 11 12 13 18 19 21 22 31 32 41 51 52 53 54 59 Cash Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Bob Steely, Capital Bob Steely, Drawing Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense Totals Debit Credit Balances Balances 5,725 2,957 660 13,876 1,391 1,560 5,033 13,647 6,270 904 2,350 807 338 170 114 27,901 27,901

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 5E: Multiple-Step and Single-Step In coin Statements The following items were derived from Gold...

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