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Use the adjusted trial balance for Stockton Company to answer the question that follows. Stockton Company Adjusted Trial Balance December 31 Account Debit Credit
Use the adjusted trial balance for Stockton Company to answer the question that follows. Stockton Company Adjusted Trial Balance December 31 Account Debit Credit No. Balances Balances Cash 11 6,516 Accounts Receivable 12 2,698 Prepaid Expenses 13 688 Equipment 18 14,414 Accumulated Depreciation 19 1,229 Accounts Payable 21 1,682 Notes Payable 22 4,424 Bob Steely, Capital 31 13,190 Bob Steely, Drawing 32 613 Fees Earned 41 8,968 Wages Expense 51 2,948 Rent Expense Utilities Expense 52 52 832 53 419 Depreciation Expense Miscellaneous Expense Totals 54 262 59 103 29,493 29,493 Use the adjusted trial balance for Stockton Company. Determine the owner's equity ending balance for the period. Oa. $20,348 Ob. $19,929 Oc. $21,180 Od. $16,981
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