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AccountingQ&A LibraryUse the following information in the adjusted trial balance for Stockton Company to answer the followingquestions.Stóckton CompanyAdjusted Trial BalanceFor the Year ended December 31, 20XX$ 6,030Cash2,100Accounts Receivable700Prepaid ExpensesEquipmentAccumulated DepreciationAccounts PayableNotes PayableBob Steely, CapitalBob Steely, WithdrawalsFees EarnedWages ExpenseRent ExpenseUtilities ExpenseDepreciation ExpenseMiscellaneous Expense13,700$ 1,1001,9004,20012,9407908,7502,5001,96077525085$28,890Totals$28,890 Determine the total liabilities for the period.Question

Asked Jan 17, 2020

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Formula to calculate total liabilites:

Total liabi...

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