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Content Area The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 6,197 Accounts Receivable 2,920 Prepaid
Content Area The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 6,197 Accounts Receivable 2,920 Prepaid Expenses 616 Equipment 15,490 Accumulated Depreciation 7,214 Accounts Payable 1,534 Notes Payable 4,395 Common Stock 1,000 Retained Earnings 7,961 Dividends 686 Fees Earned 7,812 Wages Expense 2,523 Rent Expense 867 Utilities Expense 404 Depreciation Expense 156 Miscellaneous Expense 57 Totals 29,916 29,916 Determine the retained earnings ending balance. a. $8,961 b. $11,080 c. $3,805 d. $29,916
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