Stockton Company

Adjusted Trial Balance

December $31$

Line Item Description Amount Amount

Cash $5,117$

Accounts Receivable $2,573$

Prepaid Expenses $621$

Equipment $13,061$

Accumulated Depreciation $6,534$

Accounts Payable $1,404$

Notes Payable $5,565$

Common Stock $1,000$

Retained Earnings $3,493$

Dividends $685$

Fees Earned $8,510$

Wages Expense $3,030$

Rent Expense $836$

Utilities Expense $301$

Depreciation Expense $171$

Miscellaneous Expense $111$

Total $26,50626,506$

Determine the current assets.

Answer rating: 100% (QA)

To determine the current assets we need to identif... View the full answer