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The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 5,689 Accounts Receivable 2,748 Prepaid Expenses 732
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The following is the adjusted trial balance for Stockton Company.
Stockton Company Adjusted Trial Balance December 31 Cash 5,689 Accounts Receivable 2,748 Prepaid Expenses 732 Equipment 13,183 Accumulated Depreciation 8,786 Accounts Payable 1,469 Notes Payable 4,740 Common Stock 1,000 Retained Earnings 5,291 Dividends 774 Fees Earned 6,228 Wages Expense 2,812 Rent Expense 751 Utilities Expense 468 Depreciation Expense 235 Miscellaneous Expense 122 Totals 27,514 27,514
Determine the retained earnings ending balance.
a.$6,291
b.$27,514
c.$6,357
d.$1,840
The following is the adjusted trial balance for Stockton Company.
| Stockton Company Adjusted Trial Balance December 31 | ||
| Cash | 5,689 | |
| Accounts Receivable | 2,748 | |
| Prepaid Expenses | 732 | |
| Equipment | 13,183 | |
| Accumulated Depreciation | 8,786 | |
| Accounts Payable | 1,469 | |
| Notes Payable | 4,740 | |
| Common Stock | 1,000 | |
| Retained Earnings | 5,291 | |
| Dividends | 774 | |
| Fees Earned | 6,228 | |
| Wages Expense | 2,812 | |
| Rent Expense | 751 | |
| Utilities Expense | 468 | |
| Depreciation Expense | 235 | |
| Miscellaneous Expense | 122 | |
| Totals | 27,514 | 27,514 |
Determine the retained earnings ending balance.
a.$6,291
b.$27,514
c.$6,357
d.$1,840
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Signals and Systems using MATLAB
Authors: Luis Chaparro
2nd edition
123948126, 978-0123948120
