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Use the adjusted trial balance for Stockton Company to answer the question that follows. Stockton CompanyAdjusted Trial BalanceDecember 31 Line Item Description Amount Amount Cash 6,403   Accounts Receivable 2,629   Prepaid Expenses 679   Equipment 15,728   Accumulated Depreciation   12,701 Accounts Payable   1,567 Notes Payable   5,837 Common Stock   1,000 Retained Earnings   3,629 Dividends 845   Fees Earned   6,101 Wages Expense 3,100   Rent Expense 789   Utilities Expense 389   Depreciation Expense 152   Miscellaneous Expense 121   Total 30,835 30,835 Determine the total assets.

Use the adjusted trial balance for Stockton Company to answer the question that follows. Stockton CompanyAdjusted Trial BalanceDecember 31 Line Item Description Amount Amount Cash 6,403   Accounts Receivable 2,629   Prepaid Expenses 679   Equipment 15,728   Accumulated Depreciation   12,701 Accounts Payable   1,567 Notes Payable   5,837 Common Stock   1,000 Retained Earnings   3,629 Dividends 845   Fees Earned   6,101 Wages Expense 3,100   Rent Expense 789   Utilities Expense 389   Depreciation Expense 152   Miscellaneous Expense 121   Total 30,835 30,835 Determine the total assets.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Use the adjusted trial balance for Stockton Company to answer the question that follows.

Stockton CompanyAdjusted Trial BalanceDecember 31
Line Item Description Amount Amount
Cash 6,403  
Accounts Receivable 2,629  
Prepaid Expenses 679  
Equipment 15,728  
Accumulated Depreciation   12,701
Accounts Payable   1,567
Notes Payable   5,837
Common Stock   1,000
Retained Earnings   3,629
Dividends 845  
Fees Earned   6,101
Wages Expense 3,100  
Rent Expense 789  
Utilities Expense 389  
Depreciation Expense 152  
Miscellaneous Expense 121  
Total 30,835 30,835

Determine the total assets.

 

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