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The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 6,273 Accounts Receivable 2,732 Prepaid Expenses 654 Equipment 13,588 Accumulated Depreciation 10,778 Accounts Payable 1,773 Notes Payable 4,381 Common Stock 1,000 Retained Earnings 2,558 Dividends 966 Fees Earned 8,264 Wages Expense 3,030 Rent Expense 712 Utilities Expense 463 Depreciation Expense 269 Miscellaneous Expense 67 Totals 28,754 28,754 Determine the total assets. a. $28,754 b. $12,469 c. $3,558 d. $23,247

The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 6,273 Accounts Receivable 2,732 Prepaid Expenses 654 Equipment 13,588 Accumulated Depreciation 10,778 Accounts Payable 1,773 Notes Payable 4,381 Common Stock 1,000 Retained Earnings 2,558 Dividends 966 Fees Earned 8,264 Wages Expense 3,030 Rent Expense 712 Utilities Expense 463 Depreciation Expense 269 Miscellaneous Expense 67 Totals 28,754 28,754 Determine the total assets. a. $28,754 b. $12,469 c. $3,558 d. $23,247

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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The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 6,273 Accounts Receivable 2,732 Prepaid Expenses 654 Equipment 13,588 Accumulated Depreciation 10,778 Accounts Payable 1,773 Notes Payable 4,381 Common Stock 1,000 Retained Earnings 2,558 Dividends 966 Fees Earned 8,264 Wages Expense 3,030 Rent Expense 712 Utilities Expense 463 Depreciation Expense 269 Miscellaneous Expense 67 Totals 28,754 28,754 Determine the total assets. a. $28,754 b. $12,469 c. $3,558 d. $23,247
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