The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December...
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The following is the adjusted trial balance for Stockton Company.
Stockton Company
Adjusted Trial Balance
December 31Cash 6,930 Accounts Receivable 2,888 Prepaid Expenses 714 Equipment 13,149 Accumulated Depreciation 10,672 Accounts Payable 1,685 Notes Payable 5,436 Common Stock 1,000 Retained Earnings 2,557 Dividends 783 Fees Earned 7,449 Wages Expense 2,782 Rent Expense 874 Utilities Expense 345 Depreciation Expense 258 Miscellaneous Expense 76 Totals 28,799 28,799 Determine the current assets.
a.$3,557
b.$28,799
c.$10,532
d.$13,009
Homework Answers
Solution:
C. $10,532
Explanation:
Current assets = cash + accounts receivable + prepaid expenses = 6930 + 2888 + 714 = 10,532
Add Answer to:
The following is the adjusted trial balance for Stockton
Company.
Stockton Company
Adjusted Trial Balance
December...
The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December...
The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 6,095 Accounts Receivable 2,947 Prepaid Expenses 734 Equipment 14,809 Accumulated Depreciation 8,323 Accounts Payable 1,403 Notes Payable 4,681 Common Stock 1,000 Retained Earnings 7,339 Dividends 679 Fees Earned 7,413 Wages Expense 3,322 Rent Expense 845 Utilities Expense 412 Depreciation Expense 207 Miscellaneous Expense 109 Totals 30,159 30,159 Determine the total assets. a.$30,159 b.$16,262 c.$24,585 d.$8,339
The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December...
The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable 5,538 2,319 718 13,753 8,084 1,417 Notes Payable 5,701 1,000 Common Stock Retained Earnings Dividends 3,254 960 Fees Earned 8,397 Wages Expense Rent Expense 3,185 797 342 Utilities Expense Depreciation Expense Miscellaneous Expense 174 67 Totals 27,853 27,853 Determine the retained earnings ending balance. a. $27,853 b. $6,126 c. $3,832 d. $4,254
The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December...
The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 5,997 Accounts Receivable 2,292 771 15,829 2,700 1,559 5,170 1,000 11,350 Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense Totals 822 8,552 2,987 842 445 235 111 30,331 30,331 Determine the total assets. Oa. $30,331 Ob. $24,889 Oc. $22,189 Od. $12,350
The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December...
The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 6,412 Accounts Receivable 2,853 Prepaid Expenses 686 15,128 Equipment Accumulated Depreciation 4,731 Accounts Payable 1,663 Notes Payable 4,663 Common Stock 1,000 Retained Earnings 12,297 Dividends 740 Fees Earned 6,030 Wages Expense 3,001 Rent Expense 878 Utilities Expense 358 208 Depreciation Expense Miscellaneous Expense 120 Totals 30.384 30.384 Totals 30,384 30,384 Determine the retained earnings ending balance. Oa. $1,465 Ob. $13,297 Oc. $30,384...
The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December...
The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 5,765 Accounts Receivable 2,829 Prepaid Expenses 744 Equipment 15,548 Accumulated Depreciation 6,376 Accounts Payable 1,565 Notes Payable 4,189 Common Stock 1,000 Retained Earnings 7,695 Dividends 815 Fees Earned 8,543 Wages Expense 2,243 Rent Expense 702 Utilities Expense 478 Depreciation Expense 185 Miscellaneous Expense 59 Totals 29,368 29,368 Determine the net income (loss) for the period. a.Net income $4,061 b.Net loss $4,061 c.Net...
Calculator Use the adjusted trial balance for Stockton Company to answer the question that follows Stockton...
Calculator Use the adjusted trial balance for Stockton Company to answer the question that follows Stockton Company Adjusted Trial Balance December 31 Accoun / / / / / / / / / / / / / 1,359 / Account Debit Credit I No. Balances Balances Cash 1 5,992 Accounts Receivable 2,578 Prepaid Expenses Equipment 18 3,723 Accumulated Depreciation Accounts Payable 21 1,731 Notes Payable 5.827 Bob Steely, Capital 10,589 Bob Steely, Drawing Fees Eamed Wages Expense 2,067 Rent Expense 887...
Use the adjusted trial balance for Stockton Company to answer the question that follows. Stockton Company...
Use the adjusted trial balance for Stockton Company to answer the question that follows. Stockton Company Adjusted Trial Balance December 31 Account No. Debit Balances Credit Balances HA ge 2,100 700 13,700 Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Bob Steely, Capital Bob Steely, Drawing Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense Totals IIIIIIIIIII 1,100 1,900 4,300 12,940 790 9,250 2,500 1,960 775 250 59 185 29.490 29.490 Use the adjusted...
Use the adjusted trial balance for Stockton Company below to answer the questions that follow- Stockton...
Use the adjusted trial balance for Stockton Company below to answer the questions that follow- Stockton Company Adjusted Trial Balance December 31 7,530 2,100 700 13,700 Cash Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense Totals 1,100 1,900 4,300 1,000 12,940 790) 9,250 2,500 1,960 775 250 185 30,490 30.490 6. Determine the net income (loss) for the period. a....
Use the adjusted trial balance for Stockton Company below to answer the questions that follow. Stockton...
Use the adjusted trial balance for Stockton Company below to answer the questions that follow. Stockton Company Adjusted Trial Balance December 31 7,530 2,100 700 13,700 Cash Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense Totals 1.100 1,900 4,300 1,000 12,940 790 9,250 2,500 1,960 775 250| 185 30,490 30,490 9. Determine the total liabilities for the period. a. $1,900...
Use the adjusted trial balance for Stockton Company below to answer the question that follow. Stockton...
Use the adjusted trial balance for Stockton Company below to answer the question that follow. Stockton Company Adjusted Trial Balance December 31 Cash 6,000 Accounts Receivable 2,100 Prepaid Expenses 1,000 Supplies 500 Equipment 150,000 Accumulated Depreciation 15,000 Accounts Payable 6,200 Unearned Fees 4,000 Notes Payable 14,000 Bob Steely, Capital 19,000 Bob Steely, Withdrawals 8,000 Fees Earned 154,900 Wages Expense 25,000 Rent Expense 12,000 Utilities Expense 3,400 Depreciation Expense 5,000 Miscellaneous Expense 100 Totals 213,100 213,100 In the space below, calculate:...
The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable 5,538 2,319 718 13,753 8,084 1,417 Notes Payable 5,701 1,000 Common Stock Retained Earnings Dividends 3,254 960 Fees Earned 8,397 Wages Expense Rent Expense 3,185 797 342 Utilities Expense Depreciation Expense Miscellaneous Expense 174 67 Totals 27,853 27,853 Determine the retained earnings ending balance. a. $27,853 b. $6,126 c. $3,832 d. $4,254
The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 5,997 Accounts Receivable 2,292 771 15,829 2,700 1,559 5,170 1,000 11,350 Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense Totals 822 8,552 2,987 842 445 235 111 30,331 30,331 Determine the total assets. Oa. $30,331 Ob. $24,889 Oc. $22,189 Od. $12,350
The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 6,412 Accounts Receivable 2,853 Prepaid Expenses 686 15,128 Equipment Accumulated Depreciation 4,731 Accounts Payable 1,663 Notes Payable 4,663 Common Stock 1,000 Retained Earnings 12,297 Dividends 740 Fees Earned 6,030 Wages Expense 3,001 Rent Expense 878 Utilities Expense 358 208 Depreciation Expense Miscellaneous Expense 120 Totals 30.384 30.384 Totals 30,384 30,384 Determine the retained earnings ending balance. Oa. $1,465 Ob. $13,297 Oc. $30,384...
Calculator Use the adjusted trial balance for Stockton Company to answer the question that follows Stockton Company Adjusted Trial Balance December 31 Accoun / / / / / / / / / / / / / 1,359 / Account Debit Credit I No. Balances Balances Cash 1 5,992 Accounts Receivable 2,578 Prepaid Expenses Equipment 18 3,723 Accumulated Depreciation Accounts Payable 21 1,731 Notes Payable 5.827 Bob Steely, Capital 10,589 Bob Steely, Drawing Fees Eamed Wages Expense 2,067 Rent Expense 887...
Use the adjusted trial balance for Stockton Company to answer the question that follows. Stockton Company Adjusted Trial Balance December 31 Account No. Debit Balances Credit Balances HA ge 2,100 700 13,700 Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Bob Steely, Capital Bob Steely, Drawing Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense Totals IIIIIIIIIII 1,100 1,900 4,300 12,940 790 9,250 2,500 1,960 775 250 59 185 29.490 29.490 Use the adjusted...
Use the adjusted trial balance for Stockton Company below to answer the questions that follow- Stockton Company Adjusted Trial Balance December 31 7,530 2,100 700 13,700 Cash Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense Totals 1,100 1,900 4,300 1,000 12,940 790) 9,250 2,500 1,960 775 250 185 30,490 30.490 6. Determine the net income (loss) for the period. a....
Use the adjusted trial balance for Stockton Company below to answer the questions that follow. Stockton Company Adjusted Trial Balance December 31 7,530 2,100 700 13,700 Cash Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense Totals 1.100 1,900 4,300 1,000 12,940 790 9,250 2,500 1,960 775 250| 185 30,490 30,490 9. Determine the total liabilities for the period. a. $1,900...
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