Use the adjusted trial balance for Stockton Company. Determine the current asset. Stockton Company Adjusted Trial Balance
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Use the adjusted trial balance for Stockton Company. Determine the current asset.
Stockton Company | |||
Adjusted Trial Balance | |||
December 31 | |||
Account No. | Debit Balances | Credit Balances | |
Cash | 11 | 6,000 | |
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 | 59 | 185 |
|
Totals | 29,490 | 29,490 |
a). $12,150rn
b). $15,730
c). $7,630
d). $8,800
Related Book For
Accounting Principles
ISBN: 978-1118875056
12th edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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