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19 j Question Content Area Use the adjusted trial balance for Stockton Company to answer the question that follows. Stockton Company Adjusted Trial Balance December
19 j Question Content Area
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 | 6,492 | |
Accounts Receivable | 12 | 2,021 | |
Prepaid Expenses | 13 | 698 | |
Equipment | 18 | 15,593 | |
Accumulated Depreciation | 19 | 1,214 | |
Accounts Payable | 21 | 1,628 | |
Notes Payable | 22 | 5,411 | |
Bob Steely, Capital | 31 | 14,210 | |
Bob Steely, Drawing | 32 | 916 | |
Fees Earned | 41 | 7,324 | |
Wages Expense | 51 | 2,561 | |
Rent Expense | 52 | 806 | |
Utilities Expense | 53 | 356 | |
Depreciation Expense | 54 | 247 | |
Miscellaneous Expense | 59 | 97 | |
Totals | 29,787 | 29,787 |
Determine the total assets.
a.$23,590
b.$24,804
c.$24,106
d.$26,432
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