Question
The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash5,173Accounts Receivable2,486Prepaid Expenses775Equipment14,963Accumulated Depreciation2,612Accounts Payable1,681Notes Payable4,036Common Stock1,000Retained Earnings12,800Dividends638Fees
The following is the adjusted trial balance for Stockton Company.
Stockton Company
Adjusted Trial Balance
December 31Cash5,173Accounts Receivable2,486Prepaid Expenses775Equipment14,963Accumulated Depreciation2,612Accounts Payable1,681Notes Payable4,036Common Stock1,000Retained Earnings12,800Dividends638Fees Earned6,616Wages Expense3,242Rent Expense830Utilities Expense399Depreciation Expense161Miscellaneous Expense78Totals28,74528,745
Determine the retained earnings ending balance.
$14,068
$28,745
$1,906
$13,800
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College Accounting Chapters 1-13
Authors: John Price
14th Edition
007763991X, 9780077639914
