Stockton Company Adjusted Trial Balance December 31 Cash 5,490 Accounts Receivable 2,145 Prepaid Expenses 631 Equipment 14,951 Accumulated Depreciation 4,317 Accounts Payable 1,788 Notes Payable 4,306 Common Stock 1,000 Retained Earnings 8,358 Dividends 907 Fees Earned 8,884 Wages Expense 3,140 Rent Expense 722 Utilities Expense 450 Depreciation Expense 163 Miscellaneous Expense 54 Totals 28,653 28,653 Determine the retained earnings ending balance.
Stockton Company Adjusted Trial Balance December 31 Cash 5,490 Accounts Receivable 2,145 Prepaid Expenses 631 Equipment 14,951 Accumulated Depreciation 4,317 Accounts Payable 1,788 Notes Payable 4,306 Common Stock 1,000 Retained Earnings 8,358 Dividends 907 Fees Earned 8,884 Wages Expense 3,140 Rent Expense 722 Utilities Expense 450 Depreciation Expense 163 Miscellaneous Expense 54 Totals 28,653 28,653 Determine the retained earnings ending balance.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
| Stockton Company Adjusted December 31 |
||
| Cash | 5,490 | |
| Accounts Receivable | 2,145 | |
| Prepaid Expenses | 631 | |
| Equipment | 14,951 | |
| 4,317 | ||
| Accounts Payable | 1,788 | |
| Notes Payable | 4,306 | |
| Common Stock | 1,000 | |
| 8,358 | ||
| Dividends | 907 | |
| Fees Earned | 8,884 | |
| Wages Expense | 3,140 | |
| Rent Expense | 722 | |
| Utilities Expense | 450 | |
| Depreciation Expense | 163 | |
| Miscellaneous Expense | 54 | |
| Totals | 28,653 | 28,653 |
Determine the retained earnings ending balance.
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