Stockton Company Adjusted Trial Balance December 31 Cash 6,613 Accounts Receivable 2,978 Prepaid Expenses 699 Equipment 15,374 Accumulated Depreciation 10,182 Accounts Payable 1,589 Notes Payable 4,094 Common Stock 1,000 Retained Earnings 4,997 Dividends 895 Fees Earned 8,240 Wages Expense 2,208 Rent Expense 768 Utilities Expense 336 Depreciation Expense 168 Miscellaneous Expense 63 Totals 30,102 30,102 Determine the retained earnings ending balance. Oa. $30,102 Оb. $5,997 Oc. $8,799 Od $4 697

Stockton Company Adjusted Trial Balance December 31 Cash 6,613 Accounts Receivable 2,978 Prepaid Expenses 699 Equipment 15,374 Accumulated Depreciation 10,182 Accounts Payable 1,589 Notes Payable 4,094 Common Stock 1,000 Retained Earnings 4,997 Dividends 895 Fees Earned 8,240 Wages Expense 2,208 Rent Expense 768 Utilities Expense 336 Depreciation Expense 168 Miscellaneous Expense 63 Totals 30,102 30,102 Determine the retained earnings ending balance. Oa. $30,102 Оb. $5,997 Oc. $8,799 Od $4 697

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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