The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 5,004   Accounts Receivable 2,032   Prepaid Expenses 632   Equipment 15,493   Accumulated Depreciation   9,570 Accounts Payable   1,608 Notes Payable   4,858 Common Stock   1,000 Retained Earnings   3,782 Dividends 819   Fees Earned   6,782 Wages Expense 2,009   Rent Expense 835   Utilities Expense 442   Depreciation Expense 237   Miscellaneous Expense 97   Totals 27,600 27,600 Determine the current assets. a.$13,591 b.$7,668 c.$27,600 d.$4,782

Use the adjusted trial balance for Stockton Company to answer the question that follows. Stockton CompanyAdjusted Trial BalanceDecember 31     AccountNo. DebitBalances CreditBalances Cash 11 6,507     Accounts Receivable 12 2,836     Prepaid Expenses 13 767     Equipment 18 14,507     Accumulated Depreciation 19     1,376 Accounts Payable 21     1,688 Notes Payable 22     4,961 Bob Steely, Capital 31     15,159 Bob Steely, Drawing 32 675     Fees Earned 41     6,224 Wages Expense 51 2,547     Rent Expense 52 818     Utilities Expense 53 491     Depreciation Expense 54 190     Miscellaneous Expense 59 70     Totals     29,408 29,408 Determine the current assets. a.$9,343 b.$10,110 c.$23,241 d.$29,408

Presented below is the December 31 trial balance of New York Boutique. NEW YORK BOUTIQUETRIAL BALANCEDECEMBER 31     Debit   Credit Cash   $18,290     Accounts Receivable   40,800     Allowance for Doubtful Accounts       $740 Inventory, December 31   83,150     Prepaid Insurance   6,920     Equipment   91,000     Accumulated Depreciation—Equipment       32,950 Notes Payable       28,710 Common Stock       82,710 Retained Earnings       10,870 Sales Revenue       645,350 Cost of Goods Sold   422,960     Salaries and Wages Expense (sales)   51,900     Advertising Expense   6,900     Salaries and Wages Expense (administrative)   73,110     Supplies Expense   6,300         $801,330   $801,330         Construct T-accounts and enter the balances shown.   Cash Bal.   Bal.   Inventory Bal.   Bal.   Prepaid Insurance Bal.   Bal.   Common Stock Bal.   Bal.   Salaries and Wages Expense Bal.   Bal.   Retained…

The following is the adjusted trial balance for Stockton Company. Stockton CompanyAdjusted Trial BalanceDecember 31 Cash 6,646   Accounts Receivable 2,883   Prepaid Expenses 743   Equipment 14,473   Accumulated Depreciation   9,026 Accounts Payable   1,637 Notes Payable   5,593 Common Stock   1,000 Retained Earnings   4,819 Dividends 793   Fees Earned   7,931 Wages Expense 2,875   Rent Expense 854   Utilities Expense 491   Depreciation Expense 198   Miscellaneous Expense 50   Totals 30,006 30,006 Determine the total assets.