Homework Help is Here – Start Your Trial Now!
Business
Accounting
Use the adjusted trial balance for Stockton OCompany. Determine the current asset. Stockton Company Adjusted Trial Balance December 31 Account Debit Credit No. Balances Balances Cash 11 7,530 Accounts Receivable 12 2,100 Prepaid Expenses 13 700 Equipment 18 13,700 Accumulated Depreciation 19 1,100 Accounts Payable 21 1,900 Notes Payable 22 4,300 Bob Steely, Capital 31 12,940 Bob Steely, Drawing 32 790 Fees Earned 41 9,250 Wages Expense 51 2,500 Rent Expense 52 1,960 Utilities Expense 153 775 Depreciation Expense 54 250 Miscellancous Expense 59 185 Totals 29,490 29,490 6) Account Debit Credit No. Balances Balances Cash 11 7,530 Accounts Receivable 12 2,100 Prepaid Expenses 13 700 Equipment 18 13,700 Accumulated Depreciation 19 1,100 Accounts Payable 21 1,900 Notes Payable 22 4,300 Bob Steely, Capital 31 12,940 Bob Steely, Drawing 32 790 Fees Earned 41 9,250 Wages Expense 51 2,500 Rent Expense 52 1,960 Utilities Expense 53 775 Depreciation Expense 54 250 Miscellaneous Expense 185 Totals 29,490 29,490 $12,150 $15,730 $9,630 $6,200 3. 59

Use the adjusted trial balance for Stockton OCompany. Determine the current asset. Stockton Company Adjusted Trial Balance December 31 Account Debit Credit No. Balances Balances Cash 11 7,530 Accounts Receivable 12 2,100 Prepaid Expenses 13 700 Equipment 18 13,700 Accumulated Depreciation 19 1,100 Accounts Payable 21 1,900 Notes Payable 22 4,300 Bob Steely, Capital 31 12,940 Bob Steely, Drawing 32 790 Fees Earned 41 9,250 Wages Expense 51 2,500 Rent Expense 52 1,960 Utilities Expense 153 775 Depreciation Expense 54 250 Miscellancous Expense 59 185 Totals 29,490 29,490 6) Account Debit Credit No. Balances Balances Cash 11 7,530 Accounts Receivable 12 2,100 Prepaid Expenses 13 700 Equipment 18 13,700 Accumulated Depreciation 19 1,100 Accounts Payable 21 1,900 Notes Payable 22 4,300 Bob Steely, Capital 31 12,940 Bob Steely, Drawing 32 790 Fees Earned 41 9,250 Wages Expense 51 2,500 Rent Expense 52 1,960 Utilities Expense 53 775 Depreciation Expense 54 250 Miscellaneous Expense 185 Totals 29,490 29,490 $12,150 $15,730 $9,630 $6,200 3. 59

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter4: The Adjustment Process
Section: Chapter Questions
Problem 9MC: If an adjustment includes an entry to Accumulated Depreciation, which type of adjustment is it? A....
See similar textbooks
icon
Related questions
Question
Use the adjusted trial balance for Stockton OCompany. Determine the current asset. Stockton Company Adjusted Trial Balance December 31 Account Debit Credit No. Balances Balances Cash 11 7,530 Accounts Receivable 12 2,100 Prepaid Expenses 13 700 Equipment 18 13,700 Accumulated Depreciation 19 1,100 Accounts Payable 21 1,900 Notes Payable 22 4,300 Bob Steely, Capital 31 12,940 Bob Steely, Drawing 32 790 Fees Earned 41 9,250 Wages Expense 51 2,500 Rent Expense 52 1,960 Utilities Expense 153 775 Depreciation Expense 54 250 Miscellancous Expense 59 185 Totals 29,490 29,490 6)
Transcribed Image Text:Use the adjusted trial balance for Stockton OCompany. Determine the current asset. Stockton Company Adjusted Trial Balance December 31 Account Debit Credit No. Balances Balances Cash 11 7,530 Accounts Receivable 12 2,100 Prepaid Expenses 13 700 Equipment 18 13,700 Accumulated Depreciation 19 1,100 Accounts Payable 21 1,900 Notes Payable 22 4,300 Bob Steely, Capital 31 12,940 Bob Steely, Drawing 32 790 Fees Earned 41 9,250 Wages Expense 51 2,500 Rent Expense 52 1,960 Utilities Expense 153 775 Depreciation Expense 54 250 Miscellancous Expense 59 185 Totals 29,490 29,490 6)
Account Debit Credit No. Balances Balances Cash 11 7,530 Accounts Receivable 12 2,100 Prepaid Expenses 13 700 Equipment 18 13,700 Accumulated Depreciation 19 1,100 Accounts Payable 21 1,900 Notes Payable 22 4,300 Bob Steely, Capital 31 12,940 Bob Steely, Drawing 32 790 Fees Earned 41 9,250 Wages Expense 51 2,500 Rent Expense 52 1,960 Utilities Expense 53 775 Depreciation Expense 54 250 Miscellaneous Expense 185 Totals 29,490 29,490 $12,150 $15,730 $9,630 $6,200 3. 59
Transcribed Image Text:Account Debit Credit No. Balances Balances Cash 11 7,530 Accounts Receivable 12 2,100 Prepaid Expenses 13 700 Equipment 18 13,700 Accumulated Depreciation 19 1,100 Accounts Payable 21 1,900 Notes Payable 22 4,300 Bob Steely, Capital 31 12,940 Bob Steely, Drawing 32 790 Fees Earned 41 9,250 Wages Expense 51 2,500 Rent Expense 52 1,960 Utilities Expense 53 775 Depreciation Expense 54 250 Miscellaneous Expense 185 Totals 29,490 29,490 $12,150 $15,730 $9,630 $6,200 3. 59
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS