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help please The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 5,510 Accounts Receivable 2,915 Prepaid
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The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 5,510 Accounts Receivable 2,915 Prepaid Expenses 735 Equipment 15,643 1,299 1,780 Accumulated Depreciation Accounts Payable Notes Payable Common Stock Retained Earnings Dividends 5,096 1,000 11,920 615 Fees Earned 8,278 Wages Expense 2,574 847 Rent Expense Utilities Expense 309 Depreciation Expense 162 Miscellaneous Expense 63 Prepaid Expenses 735 15,643 Equipment Accumulated Depreciation 1,299 Accounts Payable 1,780 Notes Payable 5,096 Common Stock 1,000 Retained Earnings 11,920 Dividends 615 Fees Earned 8,278 Wages Expense 2,574 Rent Expense 847 Utilities Expense 309 Depreciation Expense 162 Miscellaneous Expense 63 Totals 29,373 29,373 Determine the net income (loss) for the period. O Net income $3,708 O Net loss 53,708 O Net loss $4,323 O Net income $4,323 The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 5,917 Accounts Receivable 2,819 Prepaid Expenses 632 15,006 Equipment Accumulated Depreciation 7,816 Accounts Payable 1,495 Notes Payable 5,903 Common Stock 1,000 Retained Earnings 5,736 Dividends 782 Fees Earned 7,183 Wages Expense 2,438 Rent Expense 881 Utilities Expense 301 Depreciation Expense 251 Miscellaneous Expense 106 paid expenses 632 Equipment 15,006 Accumulated Depreciation 7,816 Accounts Payable 1,495 Notes Payable 5,903 Common Stock 1,000 Retained Earnings 5,736 Dividends 782 Fees Earned 7,183 Wages Expense 2,438 Rent Expense 881 Utilities Expense 301 Depreciation Expense 251 Miscellaneous Expense 106 Totals 29,133 29,133 Determine the retained earnings ending balance. O $29,133 O $8,160 O $6,736 O $3,206 The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 6,248 Accounts Receivable 2,246 Prepaid Expenses 622 Equipment 14,267 Accumulated Depreciation 9,764 Accounts Payable 1,734 5,952 Notes Payable Common Stock 1,000 Retained Earnings 2,094 Dividends 646 Fees Earned 7,111 Wages Expense 2,016 Rent Expense 822 Utilities Expense 437 Depreciation Expense 271 Miscellaneous Expense 80 Prepaid Expenses 622 Equipment 14,267 Accumulated Depreciation 9,764 Accounts Payable 1,734 Notes Payable 5,952 Common Stock 1,000 Retained Earnings 2,094 Dividends 646 Fees Earned 7,111 2,016 822 Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense 437 271 80 Totals 27,655 27,655 Determine the current assets. O $9,116 O $13,619 O $27,655 O $3,094 Step by Step Solution
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