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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Use the adjusted
Line Item Description | Amount | Amount |
---|---|---|
Cash | 6,403 | |
2,629 | ||
Prepaid Expenses | 679 | |
Equipment | 15,728 | |
12,701 | ||
Accounts Payable | 1,567 | |
Notes Payable | 5,837 | |
Common Stock | 1,000 | |
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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