Stockton Company Adjusted Trial Balance December 31 Cash 6,613 Accounts Receivable 2,978 Prepaid Expenses 699 Equipment 15,374 Accumulated Depreciation 10,182 Accounts Payable 1,589 Notes Payable 4,094 Common Stock 1,000 Retained Earnings 4,997 Dividends 895 Fees Earned 8,240 Wages Expense 2,208 Rent Expense 768 Utilities Expense 336 Depreciation Expense 168 Miscellaneous Expense 63 Totals 30,102 30,102 Determine the retained earnings ending balance. Oa. $30,102 Оb. $5,997 Oc. $8,799 Od $4 697
Stockton Company Adjusted Trial Balance December 31 Cash 6,613 Accounts Receivable 2,978 Prepaid Expenses 699 Equipment 15,374 Accumulated Depreciation 10,182 Accounts Payable 1,589 Notes Payable 4,094 Common Stock 1,000 Retained Earnings 4,997 Dividends 895 Fees Earned 8,240 Wages Expense 2,208 Rent Expense 768 Utilities Expense 336 Depreciation Expense 168 Miscellaneous Expense 63 Totals 30,102 30,102 Determine the retained earnings ending balance. Oa. $30,102 Оb. $5,997 Oc. $8,799 Od $4 697
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Stockton Company
Adjusted Trial Balance
December 31
Cash
6,613
Accounts Receivable
2,978
Prepaid Expenses
699
Equipment
15,374
Accumulated Depreciation
10,182
Accounts Payable
1,589
Notes Payable
4,094
Common Stock
1,000
Retained Earnings
4,997
Dividends
895
Fees Earned
8,240
Wages Expense
2,208
Rent Expense
768
Utilities Expense
336
Depreciation Expense
168
Miscellaneous Expense
63
Totals
30,102
30,102
Determine the retained earnings ending balance.
а. $30,102
Ob. $5,997
Oc. $8,799
Od. $4,697](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F077a314e-9e39-4986-ac3f-0d4db6fe2adf%2F0cbbab32-9de0-4d1e-a885-48322d03a9e6%2Fq9ip9sr_processed.png&w=3840&q=75)
Transcribed Image Text:Stockton Company
Adjusted Trial Balance
December 31
Cash
6,613
Accounts Receivable
2,978
Prepaid Expenses
699
Equipment
15,374
Accumulated Depreciation
10,182
Accounts Payable
1,589
Notes Payable
4,094
Common Stock
1,000
Retained Earnings
4,997
Dividends
895
Fees Earned
8,240
Wages Expense
2,208
Rent Expense
768
Utilities Expense
336
Depreciation Expense
168
Miscellaneous Expense
63
Totals
30,102
30,102
Determine the retained earnings ending balance.
а. $30,102
Ob. $5,997
Oc. $8,799
Od. $4,697
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