Question
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 | 2,100 | |
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 |
a). $12,150rn
b). $15,730
c). $7,630
d). $8,800
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
12th edition
1119132223, 978-1-119-0944, 1118875052, 978-1119132226, 978-1118875056
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