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Use the adjusted trial balance for Stockton Company to answer the question that follows. Stockton Company Adjusted Trial Balance December 31 Cash 5,131 Accounts Receivable Prepaid Expenses 2,150 699 Equipment Accumulated Depreciation 15,651 9,445 Accounts Payable 1,563 Notes Payable 5,375 Common Stock 1,000 Retained Earnings 4,483 Dividends 745 Fees Earned 7,578 Wages Expense Rent Expense Utilities Expense Depreciation Expense 3,488 841 415 257 Miscellaneous Expense 67 29,444 29,444 Determine the total assets. Check My Work 0 more Check My Work uses remaining.

Use the adjusted trial balance for Stockton Company to answer the question that follows. Stockton Company Adjusted Trial Balance December 31 Cash 5,131 Accounts Receivable Prepaid Expenses 2,150 699 Equipment Accumulated Depreciation 15,651 9,445 Accounts Payable 1,563 Notes Payable 5,375 Common Stock 1,000 Retained Earnings 4,483 Dividends 745 Fees Earned 7,578 Wages Expense Rent Expense Utilities Expense Depreciation Expense 3,488 841 415 257 Miscellaneous Expense 67 29,444 29,444 Determine the total assets. Check My Work 0 more Check My Work uses remaining.

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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Use the adjusted trial balance for Stockton Company to answer the question that follows. Stockton Company Adjusted Trial Balance December 31 Cash 5,131 Accounts Receivable Prepaid Expenses 2,150 699 Equipment Accumulated Depreciation 15,651 9,445 Accounts Payable 1,563 Notes Payable 5,375 < Common Stock 1,000 Retained Earnings 4,483 Dividends 745 Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense 7,578 3,488 841 415 257 67 29,444 29,444 Determine the total assets. ss: 8/31 items Check My Work 0 more Check My Work uses remaining. Pr
Transcribed Image Text:Use the adjusted trial balance for Stockton Company to answer the question that follows. Stockton Company Adjusted Trial Balance December 31 Cash 5,131 Accounts Receivable Prepaid Expenses 2,150 699 Equipment Accumulated Depreciation 15,651 9,445 Accounts Payable 1,563 Notes Payable 5,375 < Common Stock 1,000 Retained Earnings 4,483 Dividends 745 Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense 7,578 3,488 841 415 257 67 29,444 29,444 Determine the total assets. ss: 8/31 items Check My Work 0 more Check My Work uses remaining. Pr
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