Stockton Company Adjusted Trial Balance December 31 Cash 6,027 Accounts Receivable 2,599 Prepaid Expenses 601 Equipment 15,222 Accumulated Depreciation 8,238 Accounts Payable 1,468 Notes Payable 4,155 Common Stock 1,000 Retained Earnings 8,380 Dividends 988 Fees Earned 6,291 Wages Expense 2,385 Rent Expense 899 Utilities Expense 469 Depreciation Expense 225 Miscellaneous Expense 117 Totals 29,532 29,532 Determine the retained earnings ending balance.

Stockton Company Adjusted Trial Balance December 31 Cash 6,027 Accounts Receivable 2,599 Prepaid Expenses 601 Equipment 15,222 Accumulated Depreciation 8,238 Accounts Payable 1,468 Notes Payable 4,155 Common Stock 1,000 Retained Earnings 8,380 Dividends 988 Fees Earned 6,291 Wages Expense 2,385 Rent Expense 899 Utilities Expense 469 Depreciation Expense 225 Miscellaneous Expense 117 Totals 29,532 29,532 Determine the retained earnings ending balance.

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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