Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following is the adjusted trial balance for Stockton Company Stockton Company Adjusted Trial Balance December 31 Cash 6,696 Accounts Receivable 2,064 659 15,684 6,743

image text in transcribed
image text in transcribed
The following is the adjusted trial balance for Stockton Company Stockton Company Adjusted Trial Balance December 31 Cash 6,696 Accounts Receivable 2,064 659 15,684 6,743 1,702 Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Common Stock Retained Earnings Dividends 4,569 1,000 9,085 651 Fees Earned 6,280 2,285 712 Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense 362 181 85 Totals 29,379 29,379 Determine the retained earnings ending balance. $2.655 All work saved. 6,696 Cash 2,064 Accounts Receivable 659 Prepaid Expenses 15,684 Equipment Accumulated Depreciation 6,743 1,702 Accounts Payable 4,569 Notes Payable 1,000 Common Stock 9,085 Retained Earnings Dividends 651 Fees Earned 6,280 Wages Expense 2,285 Rent Expense 712 362 181 Utilities Expense Depreciation Expense Miscellaneous Expense 85 Totals 29,379 29,379 Determine the retained earnings ending balance. O $2,655 $10,085 $29,379 $11,089

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Audit Committee Handbook

Authors: Louis Braiotta Jr.

4th Edition

0470226420, 978-0470226421

More Books

Students also viewed these Accounting questions