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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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