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 Cash 11 6,507 Accounts Receivable 12 2,836 Prepaid Expenses 13 767 Equipment 18 14,507 Accumulated Depreciation 19 1,376 Accounts Payable 21 1,688 Notes Payable 22 4,961 Bob Steely, Capital 31 15,159 Bob Steely, Drawing 32 675 Fees Earned 41 6,224 Wages Expense 51 2,547 Rent Expense 52 818 Utilities Expense 53 491 Depreciation Expense 54 190 Miscellaneous Expense 59 70 Totals 29,408 29,408 Determine the current assets. a.$9,343 b.$10,110 c.$23,241 d.$29,408
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 Cash 11 6,507 Accounts Receivable 12 2,836 Prepaid Expenses 13 767 Equipment 18 14,507 Accumulated Depreciation 19 1,376 Accounts Payable 21 1,688 Notes Payable 22 4,961 Bob Steely, Capital 31 15,159 Bob Steely, Drawing 32 675 Fees Earned 41 6,224 Wages Expense 51 2,547 Rent Expense 52 818 Utilities Expense 53 491 Depreciation Expense 54 190 Miscellaneous Expense 59 70 Totals 29,408 29,408 Determine the current assets. a.$9,343 b.$10,110 c.$23,241 d.$29,408
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter5: Accounting For Retail Businesses
Section: Chapter Questions
Problem 28E: Multiple-step income statement The following income statement for Curbstone Company was prepared for...
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Use the adjusted
trial balance for Stockton Company to answer the question that follows.Stockton Company
Adjusted Trial Balance
December 31Account
No.Debit
BalancesCredit
BalancesCash 11 6,507 Accounts Receivable 12 2,836 Prepaid Expenses 13 767 Equipment 18 14,507 Accumulated Depreciation 19 1,376 Accounts Payable 21 1,688 Notes Payable 22 4,961 Bob Steely, Capital 31 15,159 Bob Steely, Drawing 32 675 Fees Earned 41 6,224 Wages Expense 51 2,547 Rent Expense 52 818 Utilities Expense 53 491 Depreciation Expense 54 190 Miscellaneous Expense 59 70 Totals 29,408 29,408 Determine the current assets.
a.$9,343b.$10,110c.$23,241d.$29,408
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