The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 6,656 Accounts Receivable 2,514 Prepaid Expenses 601 Equipment 13,610 Accumulated Depreciation 8,613 Accounts Payable 1,506 Notes Payable 5,552 Common Stock 1,000 Retained Earnings 2,397 Dividends 875 Fees Earned 8,848 Wages Expense 2,125 Rent Expense 893 Utilities Expense 317 Depreciation Expense 238 Miscellaneous Expense 87 Totals 27,916 27,916 Determine the total liabilities for the period.
The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 6,656 Accounts Receivable 2,514 Prepaid Expenses 601 Equipment 13,610 Accumulated Depreciation 8,613 Accounts Payable 1,506 Notes Payable 5,552 Common Stock 1,000 Retained Earnings 2,397 Dividends 875 Fees Earned 8,848 Wages Expense 2,125 Rent Expense 893 Utilities Expense 317 Depreciation Expense 238 Miscellaneous Expense 87 Totals 27,916 27,916 Determine the total liabilities for the period.
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
Chapter21: The Statement Of Cash Flows
Section: Chapter Questions
Problem 21E: (Appendix 21.1) Visual Inspection The following changes in account balances were taken from Walson...
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The following is the adjusted
trial balance for Stockton Company.Stockton Company
Adjusted Trial Balance
December 31Cash 6,656 Accounts Receivable 2,514 Prepaid Expenses 601 Equipment 13,610 Accumulated Depreciation 8,613 Accounts Payable 1,506 Notes Payable 5,552 Common Stock 1,000 Retained Earnings 2,397 Dividends 875 Fees Earned 8,848 Wages Expense 2,125 Rent Expense 893 Utilities Expense 317 Depreciation Expense 238 Miscellaneous Expense 87 Totals 27,916 27,916 Determine the total liabilities for the period.
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