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Content Area Use the adjusted trial balance for Stockton Company to answer the question that follows. Stockton Company Adjusted Trial Balance December 31 Line Item
Content Area Use the adjusted trial balance for Stockton Company to answer the question that follows. Stockton Company Adjusted Trial Balance December 31 Line Item Description Amount Amount Cash 5,157 Accounts Receivable 2,915 Prepaid Expenses 639 Equipment 15,424 Accumulated Depreciation 3,321 Accounts Payable 1,696 Notes Payable 5,790 Common Stock 1,000 Retained Earnings 9,717 Dividends 725 Fees Earned 7,134 Wages Expense 2,351 Rent Expense 733 Utilities Expense 347 Depreciation Expense 243 Miscellaneous Expense 124 Total 28,658 28,658 Determine the net income (loss) for the period
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