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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

2,100


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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