Use the adjusted trial balance for Stockton Company to answer the question that follows. Stockton Company Adjusted Trial Balance December 31 Account Debit Credit No. Balances Balances Cash 11 6,751 Accounts Receivable 12 2,236 Prepaid Expenses 13 615 Equipment 18 14,106 Accumulated Depreciation 19 1,330 Accounts Payable 21 1,502 Notes Payable 22 4,235 Bob Steely, Capital 31 14,737 Bob Steely, Drawing 32 860 Fees Earned 41 6,630 Wages Expense 51 2,323 Rent Expense 52 721 Utilities Expense 53 489 Depreciation Expense 54 252 Miscellaneous Expense 59 81 Totals 28,434 28,434 Use the adjusted trial balance for Stockton Company. Determine the total assets. a.$22,378 b.$23,708 c.$23,093 d.$25,210

Use the adjusted trial balance for Stockton Company to answer the question that follows. Stockton Company Adjusted Trial Balance December 31 Account Debit Credit No. Balances Balances Cash 11 6,751 Accounts Receivable 12 2,236 Prepaid Expenses 13 615 Equipment 18 14,106 Accumulated Depreciation 19 1,330 Accounts Payable 21 1,502 Notes Payable 22 4,235 Bob Steely, Capital 31 14,737 Bob Steely, Drawing 32 860 Fees Earned 41 6,630 Wages Expense 51 2,323 Rent Expense 52 721 Utilities Expense 53 489 Depreciation Expense 54 252 Miscellaneous Expense 59 81 Totals 28,434 28,434 Use the adjusted trial balance for Stockton Company. Determine the total assets. a.$22,378 b.$23,708 c.$23,093 d.$25,210

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 11EA: Prepare adjusting journal entries, as needed, considering the account balances excerpted from the...

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