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

Date

Account Name

Debit

Credit

Dec 31

Dec 31