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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 Balances Credit
Use the adjusted trial balance for Stockton Company to answer the question that follows. Stockton Company Adjusted Trial Balance December 31 Account Debit Balances Credit Balances No. Cash 11 6,152 Accounts Receivable 12 2,745 Prepaid Expenses 13 610 Equipment 18 13,645 Accumulated Depreciation 19 1,457 Accounts Payable 21 1,491 Notes Payable 22 5,189 Bob Steely, Capital 31 11,911 Bob Steely, Drawing 32 830 Fees Earned 41 7,753 Wages Expense 51 2,312 Rent Expense 52 748 Utilities Expense 53 437 Depreciation Expense 54 232 Miscellaneous Expense 59 90 Totals 27,801 27,801 Use the adjusted trial balance for Stockton Company. Determine the owner's equity ending balance for the period. Use the adjusted trial balance for Stockton Company. Determine the owner's equity ending balance for the period. ca. $18,512 b. $15,015 c. $17,764 d. $17,327
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