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The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 5,181 Accounts Receivable 2,727 682 14,328 Prepaid
The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 5,181 Accounts Receivable 2,727 682 14,328 Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable 2,223 1,720 4,965 Common Stock 1,000 Retained Earnings 9,644 Dividends 825 Fees Earned 7,716 2,009 838 Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense 378 247 53 Totals 27,268 27,268 Determine the net income (loss) for the period. Oa. Net income $3,366 Ob. Netloss $3,366 O c. Net loss $4,191 Od. Net income $4,191
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