Content Area The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 5,946 Accounts Receivable 2,729 Prepaid Expenses 632 Equipment 13,513 Accumulated Depreciation 6,921 Accounts Payable 1,729 Notes Payable 4,050 Common Stock 1,000 Retained Earnings 6,095 Dividends 933 Fees Earned 7,856 Wages Expense 2,383 Rent Expense 784 Utilities Expense 452 Depreciation Expense 209 Miscellaneous Expense 70 Totals 27,651 27,651

Determine the retained earnings ending balance.

a.$3,958

b.$9,120

c.$7,095

d.$27,651

Answer rating: 100% (QA)

To determine the retained earnings ending balance you need to start with the beginning balance of re... View the full answer