The following is the adjusted trial balance for Stockton Company.Stockton CompanyAdjusted Trial BalanceDecember 31Cash6,146Accounts Receivable2,044Prepaid Expenses745Equipment14,532Accumulated Depreciation8,413Accounts Payable1,533Notes Payable5,563Common Stock1,000Retained Earnings4,769Dividends910Fees Earned7,147Wages Expense2,608Rent Expense736Utilities Expense418Depreciation Expense212Miscellaneous Expense74Totals28,42528,425Determine the retained earnings ending balance.Oa. $5,769Ob. $28,425Oc. $3,099Od. $6,958

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Description: The following is the adjusted trial balance for Stockton Company.Stockton CompanyAdjusted Trial BalanceDecember 31Cash6,146Accounts Receivable2,044Prepaid Expenses745Equipment14,532Accumulated Depreciation8,413Accounts Payable1,533Notes Payable5,563

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The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 6,146 Accounts Receivable 2,044 Prepaid Expenses 745 Equipment 14,532 Accumulated Depreciation 8,413 Accounts Payable 1,533 Notes Payable 5,563 Common Stock 1,000 Retained Eamings 4,769 Dividends 910 Fees Earned 147,ר Wages Expense 2,608 Rent Expense 736 Utilities Expense 418 Depreciation Expense 212 Miscellaneous Expense 74 Totals 28,425 28,425 Determine the retained earnings ending balance. Oa. $5.769 Оb. 828.425 Oc. $3,099 Od. $6.958

The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 6,146 Accounts Receivable 2,044 Prepaid Expenses 745 Equipment 14,532 Accumulated Depreciation 8,413 Accounts Payable 1,533 Notes Payable 5,563 Common Stock 1,000 Retained Eamings 4,769 Dividends 910 Fees Earned 147,ר Wages Expense 2,608 Rent Expense 736 Utilities Expense 418 Depreciation Expense 212 Miscellaneous Expense 74 Totals 28,425 28,425 Determine the retained earnings ending balance. Oa. $5.769 Оb. 828.425 Oc. $3,099 Od. $6.958

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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