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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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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  1. 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
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