Use the adjusted trial balance for Stockton Company to answer the question that follows. Stockton CompanyAdjusted Trial BalanceDecember 31 AccountNo. DebitBalances CreditBalances Cash 11 6,809 Accounts Receivable 12 2,710 Prepaid Expenses 13 764 Equipment 18 13,545 Accumulated Depreciation 19 1,359 Accounts Payable 21 1,472 Notes Payable 22 4,388 Bob Steely, Capital 31 15,721 Bob Steely, Drawing 32 791 Fees Earned 41 6,067 Wages Expense 51 3,029 Rent Expense 52 734 Utilities Expense 53 302 Depreciation Expense 54 260 Miscellaneous Expense 59 63 Totals 29,007 29,007 Use the adjusted trial balance for Stockton Company. Determine the current assets. a.$9,519 b.$29,007 c.$22,469 d.$10,283
Use the adjusted trial balance for Stockton Company to answer the question that follows. Stockton CompanyAdjusted Trial BalanceDecember 31 AccountNo. DebitBalances CreditBalances Cash 11 6,809 Accounts Receivable 12 2,710 Prepaid Expenses 13 764 Equipment 18 13,545 Accumulated Depreciation 19 1,359 Accounts Payable 21 1,472 Notes Payable 22 4,388 Bob Steely, Capital 31 15,721 Bob Steely, Drawing 32 791 Fees Earned 41 6,067 Wages Expense 51 3,029 Rent Expense 52 734 Utilities Expense 53 302 Depreciation Expense 54 260 Miscellaneous Expense 59 63 Totals 29,007 29,007 Use the adjusted trial balance for Stockton Company. Determine the current assets. a.$9,519 b.$29,007 c.$22,469 d.$10,283
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Use the adjusted
| Stockton Company Adjusted Trial Balance December 31 |
|||
| Account No. |
Debit Balances |
Credit Balances |
|
| Cash | 11 | 6,809 | |
| 12 | 2,710 | ||
| Prepaid Expenses | 13 | 764 | |
| Equipment | 18 | 13,545 | |
| 19 | 1,359 | ||
| Accounts Payable | 21 | 1,472 | |
| Notes Payable | 22 | 4,388 | |
| Bob Steely, Capital | 31 | 15,721 | |
| Bob Steely, Drawing | 32 | 791 | |
| Fees Earned | 41 | 6,067 | |
| Wages Expense | 51 | 3,029 | |
| Rent Expense | 52 | 734 | |
| Utilities Expense | 53 | 302 | |
| Depreciation Expense | 54 | 260 | |
| Miscellaneous Expense | 59 | 63 | |
| Totals | 29,007 | 29,007 |
Use the adjusted trial balance for Stockton Company. Determine the current assets.
a.$9,519
b.$29,007
c.$22,469
d.$10,283
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