Question
se the adjusted trial balance for Stockton Company to answer the question that follow. Stockton Company Adjusted Trial Balance December 31 Account No. Debit Balances
se the adjusted trial balance for Stockton Company to answer the question that follow. Stockton Company Adjusted Trial Balance December 31 Account No. Debit Balances Credit Balances Cash 11 5,969 Accounts Receivable 12 2,154 Prepaid Expenses 13 723 Equipment 18 13,569 Accumulated Depreciation 19 1,298 Accounts Payable 21 1,560 Notes Payable 22 4,692 Bob Steely, Capital 31 11,939 Bob Steely, Drawing 32 629 Fees Earned 41 7,736 Wages Expense 51 2,566 Rent Expense 52 811 Utilities Expense 53 410 Depreciation Expense 54 275 Miscellaneous Expense 59 119 Totals 27,225 27,225 Use the adjusted trial balance for Stockton Company. Determine the current assets. a. $27,225 b. $8,846 c. $8,123 d. $21,117
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