The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31
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Question:
The following is the adjusted trial balance for Stockton Company.
Stockton Company Adjusted Trial Balance December 31 | ||
Cash | 6,755 | |
Accounts Receivable | 2,849 | |
Prepaid Expenses | 656 | |
Equipment | 15,733 | |
Accumulated Depreciation | 11,270 | |
Accounts Payable | 1,740 | |
Notes Payable | 4,437 | |
Common Stock | 1,000 | |
Retained Earnings | 3,473 | |
Dividends | 870 | |
Fees Earned | 8,441 | |
Wages Expense | 2,105 | |
Rent Expense | 792 | |
Utilities Expense | 310 | |
Depreciation Expense | 213 | |
Miscellaneous Expense | 78 | |
Totals | 30,361 | 30,361 |
Determine the retained earnings ending balance.
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