Use the adjusted trial balance for Stockton Company to answer the question that follow Stockton Company Adjusted Trial Balance December 31 Cash Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Bob Steely, Capital Bob Steely, Drawing Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense Totals Determine the total assets. O a. $23,522 O b. $20,626 XO c. $21,986 O d. $21,372 Account Debit Credit No. Balances Balances 11 12 13 18 19 21 22 31 32 41 51 52 53 54 59 5,601 2,278 614 13,493 681 2,578 748 319 198 125 26,635 1,360 1,536 4,572 12,557 6,610 26,635

Use the adjusted trial balance for Stockton Company to answer the question that follow Stockton Company Adjusted Trial Balance December 31 Cash Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Bob Steely, Capital Bob Steely, Drawing Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense Totals Determine the total assets. O a. $23,522 O b. $20,626 XO c. $21,986 O d. $21,372 Account Debit Credit No. Balances Balances 11 12 13 18 19 21 22 31 32 41 51 52 53 54 59 5,601 2,278 614 13,493 681 2,578 748 319 198 125 26,635 1,360 1,536 4,572 12,557 6,610 26,635

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 90PSA

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