Stockton Company Adjusted Trial Balance December 31 Cash 5,490   Accounts Receivable 2,145   Prepaid Expenses 631   Equipment 14,951   Accumulated Depreciation   4,317 Accounts Payable   1,788 Notes Payable   4,306 Common Stock   1,000 Retained Earnings   8,358 Dividends 907   Fees Earned   8,884 Wages Expense 3,140   Rent Expense 722   Utilities Expense 450   Depreciation Expense 163   Miscellaneous Expense 54   Totals 28,653 28,653 Determine the retained earnings ending balance.

Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter14: Financial Statement Analysis
Section: Chapter Questions
Problem 14.9BE
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Stockton Company
Adjusted Trial Balance
December 31
Cash 5,490  
Accounts Receivable 2,145  
Prepaid Expenses 631  
Equipment 14,951  
Accumulated Depreciation   4,317
Accounts Payable   1,788
Notes Payable   4,306
Common Stock   1,000
Retained Earnings   8,358
Dividends 907  
Fees Earned   8,884
Wages Expense 3,140  
Rent Expense 722  
Utilities Expense 450  
Depreciation Expense 163  
Miscellaneous Expense 54  
Totals 28,653 28,653

Determine the retained earnings ending balance.

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