Question Content Area The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 6,934 Accounts Receivable 2,418 Prepaid Expenses 647 Equipment 14,747 Accumulated Depreciation 10,333 Accounts Payable 1,621 Notes Payable 4,964 Common Stock 1,000 Retained Earnings 4,439 Dividends 816 Fees Earned 7,384 Wages Expense 2,583 Rent Expense 815 Utilities Expense 462 Depreciation Expense 235 Miscellaneous Expense 84 Totals 29,741 29,741 Determine the total assets. a.$29,741 b.$5,439 c.$24,746 d.$14,413
Question Content Area The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 6,934 Accounts Receivable 2,418 Prepaid Expenses 647 Equipment 14,747 Accumulated Depreciation 10,333 Accounts Payable 1,621 Notes Payable 4,964 Common Stock 1,000 Retained Earnings 4,439 Dividends 816 Fees Earned 7,384 Wages Expense 2,583 Rent Expense 815 Utilities Expense 462 Depreciation Expense 235 Miscellaneous Expense 84 Totals 29,741 29,741 Determine the total assets. a.$29,741 b.$5,439 c.$24,746 d.$14,413
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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Question Content Area
The following is the adjusted
trial balance for Stockton Company.Stockton Company
Adjusted Trial Balance
December 31Cash 6,934 Accounts Receivable 2,418 Prepaid Expenses 647 Equipment 14,747 Accumulated Depreciation 10,333 Accounts Payable 1,621 Notes Payable 4,964 Common Stock 1,000 Retained Earnings 4,439 Dividends 816 Fees Earned 7,384 Wages Expense 2,583 Rent Expense 815 Utilities Expense 462 Depreciation Expense 235 Miscellaneous Expense 84 Totals 29,741 29,741 Determine the total assets.
a.$29,741b.$5,439c.$24,746d.$14,413
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