Determine the retained earnings ending balance. Oa. $6,354 Ob. $4,324 C. $28,360 Od. $3,915
Determine the retained earnings ending balance. Oa. $6,354 Ob. $4,324 C. $28,360 Od. $3,915
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question

Transcribed Image Text:The following is the adjusted trial balance for Stockton Company.
Stockton Company
Adjusted Trial Balance
December 31
Cash
5,047
Accounts Receivable
2,331
Prepaid Expenses
702
Equipment
15,735
Accumulated Depreciation
10,181
Accounts Payable
1,725
Notes Payable
4,555
Common Stock
1,000
Retained Earnings
3,324
Dividends
885
Fees Earned
7,575
Wages Expense
2,271
Rent Expense
729
Utilities Expense
355
Depreciation Expense
186
Miscellaneous Expense
119
Totals
28,360
28,360
Determine the retained earnings ending balance.
Oa. $6,354
Time Remaining: 1:48:17
All work saved.
MacBook Pre
esc
80
000
D00
F1
F2
F3
F4
F5
F6
%24
# 3

Transcribed Image Text:Determine the retained earnings ending balance.
Oa. $6,354
Ob. $4,324
Oc. $28,360
Od. $3,915
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