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Use the information in the adjusted trial balance to prepare the closing entries for Stockton Company. Stockton Company Adjusted Trial Balance For the Year Ended
Use the information in the adjusted trial balance to prepare the closing entries for Stockton Company. Stockton Company Adjusted Trial Balance For the Year Ended December 31, 2019 Debit Credit Cash $ 6,030 Accounts Receivable 2,100 Prepaid Expenses 700 Equipment 13,700 Accumulated Depreciation $ 1.100 Accounts Payable 1,900 Notes Payable 4,200 Capital Stock 2,000 Retained Earnings 10,940 Dividends 790 Fees Earned 8,750 Wages Expense 2,500 Rent Expense 1,960 Utilities Expense 775 Depreciation Expense 250 Miscellaneous Expense 85 Totals $28.890 $28.890 Format: Enter debits and credits as whole numbers WITH commas, but DO NOT add dollar signs. Please use the Chart of Accounts Don't forget to list expenses in descending order! Listing them ANY OTHER WAY will mark them WRONG! Date Account Name Debit Credit Dec 31 Dec 31
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