The following is the adjusted trial balance for Stockton Company. Stockton CompanyAdjusted Trial BalanceDecember 31 Cash 6,365   Accounts Receivable 2,129   Prepaid Expenses 732   Equipment 15,677   Accumulated Depreciation   10,136 Accounts Payable   1,611 Notes Payable   4,670 Common Stock   1,000 Retained Earnings   6,042 Dividends 804   Fees Earned   6,589 Wages Expense 2,917   Rent Expense 742   Utilities Expense 347   Depreciation Expense 250   Miscellaneous Expense 85   Totals 30,048 30,048 Determine the total assets. $30,048 $7,042 $24,903 $14,767

The following accounts appeared on the trial balance of Ashanti Company at December 31 , 2020. Notes Payable (short-term ) $191,000 Accounts Receivable $518,600 Accumulated Depreciation - Bldg. 788,000 Prepaid Insurance 56,050 Supplies 37,850 Salaries and Wages Payable 35,200 Common Stock 1,125,000 Debt Investments (long -term ) 280,400 Unappropriated Retained Earnings 318,300 Cash 175,250 Inventory 1,580,200 Bonds Payable Due 1/1 / 2 1,200,000 Land 465,000 Allowance for Doubtful Accts .7,850 Trading Securities 72,300 Copyrights 192,950 Interest Payable 4,800 Notes Receivable (due in 6 months ) 138,050 Buildings 1,927,000 Income Taxes Payable 155,000 Accounts Payable 410,000 Preferred Stock 750,000 Additional Paid-in Capital163,500 Appropriated Retained Earnings 295,000 Instructions : Compute each of the following : You must show your work. You may type your answers in the text submission box below or you can use the "Add File" button to upload a Word file or an Excel file . If this…

The following is a partial trial balance for General Lighting Corporation as of December 31, 2021: Account Title Sales revenue Interest revenue Loss on sale of investments Cost of goods sold Loss on inventory write-down (obsolescence) Selling expense General and administrative expense Interest expense Debits 29,500 1,330,000 340,000 440,000 220,000 93,000 Complete this question by entering your answers in the tabs below. Credits 3,050,000 94,000 There were 300,000 shares of common stock outstanding throughout 2021. Income tax expense has not yet been recorded. The income tax rate is 25%. Required: 1. Prepare a single-step income statement for 2021, including EPS disclosures. 2. Prepare a multiple-step income statement for 2021, including EPS disclosures.

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.