The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December...
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The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash Accounts Receivable Prepaid Expenses 5,131 2,712 690 Equipment Accumulated Depreciation 13,477 2,898 Accounts Payable 1,780 Notes Payable 4,728 Common Stock 1,000 Retained Earnings 8,918 Dividends 648 Fees Earned 7,706 Wages Expense Rent Expense Utilities Expense 2,917 738 429 Depreciation Expense Miscellaneous Expense Totals 165 123 27,030 27,030 Determine the net income (loss) for the period. 13 The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash Accounts Receivable Prepaid Expenses 5,131 2,712 690 Equipment Accumulated Depreciation 13,477 2,898 Accounts Payable 1,780 Notes Payable 4,728 Common Stock 1,000 Retained Earnings 8,918 Dividends 648 Fees Earned 7,706 Wages Expense Rent Expense Utilities Expense 2,917 738 429 Depreciation Expense Miscellaneous Expense Totals 165 123 27,030 27,030 Determine the net income (loss) for the period. 13
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