Use the following information in the adjusted trial balance for Stockton Company to answer the followingquestions.Stóckton CompanyAdjusted Trial BalanceFor the Year ended December 31, 20XX$ 6,030Cash2,100Accounts Receivable700Prepaid ExpensesEquipmentAccumulated DepreciationAccounts PayableNotes PayableBob Steely, CapitalBob Steely, WithdrawalsFees EarnedWages ExpenseRent ExpenseUtilities ExpenseDepreciation ExpenseMiscellaneous Expense13,700$ 1,1001,9004,20012,9407908,7502,5001,96077525085$28,890Totals$28,890 Determine total assets.O a. $23,630O b. $15,330O c. $21,430O d. $22,530

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Asked Jan 17, 2020
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Use the following information in the adjusted trial balance for Stockton Company to answer the following
questions.
Stóckton Company
Adjusted Trial Balance
For the Year ended December 31, 20XX
$ 6,030
Cash
2,100
Accounts Receivable
700
Prepaid Expenses
Equipment
Accumulated Depreciation
Accounts Payable
Notes Payable
Bob Steely, Capital
Bob Steely, Withdrawals
Fees Earned
Wages Expense
Rent Expense
Utilities Expense
Depreciation Expense
Miscellaneous Expense
13,700
$ 1,100
1,900
4,200
12,940
790
8,750
2,500
1,960
775
250
85
$28,890
Totals
$28,890
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Use the following information in the adjusted trial balance for Stockton Company to answer the following questions. Stóckton Company Adjusted Trial Balance For the Year ended December 31, 20XX $ 6,030 Cash 2,100 Accounts Receivable 700 Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Bob Steely, Capital Bob Steely, Withdrawals Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense 13,700 $ 1,100 1,900 4,200 12,940 790 8,750 2,500 1,960 775 250 85 $28,890 Totals $28,890

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Determine total assets.
O a. $23,630
O b. $15,330
O c. $21,430
O d. $22,530
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Determine total assets. O a. $23,630 O b. $15,330 O c. $21,430 O d. $22,530

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Expert Answer

Step 1

Formula to calculateTotal assets:

Total assets = Current assets + Non-current assets

Step 2

Calculate total assets...

Accounting homework question answer, step 2, image 1
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