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The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 7,530 Accounts Receivable 2,100 Prepaid Expenses 700
The following is the adjusted trial balance for Stockton Company.
Stockton Company | ||
Adjusted Trial Balance | ||
December 31 | ||
Cash | 7,530 | |
Accounts Receivable | 2,100 | |
Prepaid Expenses | 700 | |
Equipment | 13,700 | |
Accumulated Depreciation | 1,100 | |
Accounts Payable | 1,900 | |
Notes Payable | 4,300 | |
Common Stock | 1,000 | |
Retained Earnings | 12,940 | |
Dividends | 790 | |
Fees Earned | 9,250 | |
Wages Expense | 2,500 | |
Rent Expense | 1,960 | |
Utilities Expense | 775 | |
Depreciation Expense | 250 | |
Miscellaneous Expense | 185 | |
Totals | 30,490 | 30,490 |
Determine the current assets.
a.$8,630
b.21,930
c.$10,330
d.$23,030
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