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Use the adjusted trial balance for Stockton Company. Determine the current asset. Stockton Company Adjusted Trial Balance December 31 Account No. Debit Balances Credit Balances

Use the adjusted trial balance for Stockton Company. Determine the current asset.

Stockton Company

Adjusted Trial Balance

December 31

Account

No.

Debit

Balances

Credit

Balances

Cash

11

6,000

Accounts Receivable

12

2,500

Prepaid Expenses

13

700

Equipment

18

13,700

Accumulated Depreciation

19

1,100

Accounts Payable

21

1,900

Notes Payable

22

4,300

Bob Steely, Capital

31

12,940

Bob Steely, Drawing

32

790

Fees Earned

41

9,250

Wages Expense

51

2,500

Rent Expense

52

1,960

Utilities Expense

53

775

Depreciation Expense

54

250

Miscellaneous Expense

59

185

Totals

29,490

29,490

$12,150

$15,730

$7,630

$8,500

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