Stockton Company Adjusted Trial Balance December 31
Cash 7,530
Accounts Receivable 2,100
Prepaid Expenses 700
Equipment 13,700
Accumulated Depreciation 1,100
Accounts Payable 1,900
Notes Payable 4,300
Common Stock 1,000
Retained Earning 12,940
Dividends 790
Fees Earned 9,250
Wages Expense 2,500
Rent Expense 1,960
Utilities Expense 775
Depreciation Expenses 250
Miscellaneous Expenses 185
Totals 30,490 30,490
Determine the retained earnings ending balance.
a. $12,150
b. $21,400
c. $6,480
d. $15,730
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Stockton Company Adjusted Trial Balance December 31 Cash 7,530 Accounts Receivable 2,100 Prepaid Expenses 700 Equipment 13,700 Accumulated ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
At the beginning of 2019, Robotics Inc. acquired a manufacturing facility for $12.1 million. $9.1 million of the purchase price was allocated to the building.
Answers (1)
Cindy, age 63, who is single has a son Mark, age 43, who lived with her all year and she provided all of his support. No one else lived in the home. Mark does not work and he is not disabled.
Answers (1)
Gene is a self-employed taxpayer working from his home. His net business profit is $7,000 before home office expenses. His allocable home office expenses are $8,000 in total. How are the home office expenses treated on his current year tax return? a.
Answers (1)
The entry to record patent amortization expense: A. increases total assets and decreases total stockholders' equity. B. increases both total assets and total stockholders' equity. C. decreases total assets and increases total stockholders' equity. D.
Answers (2)
Skysong, Inc. just began business and made the following four inventory purchases in June: June 1 123 units $850 June 10 164 units 1280 June 15 164 units 1380 June 28 123 units 1080 $4590 A physical count of merchandise inventory (rounded to whole
Answers (1)
New Questions in Business
A Cajun trinity, used in many Louisiana Creole and Cajun dishes such as gumbo, contains A. onion, celery, and carrot. B. onion, celery, and bell pepper. C. onion, celery, and parsnip. D. garlic, ginger, and green onion.
Answers (1)
Benefits add how much value to employees' pay? A) 10-20% B) 20-30% C) 30-40% D) 50-60%
Answers (2)
In response to duracell's introduction of the duracell ultra battery, energizer introduced an advanced formula battery. but unlike duracell, energizer priced its batteries at a low initial price to attract the mass market.
Answers (1)
Which of the following is NOT an example that falls within the four major categories of business environment factors for today's organizations? a. globalization b. increased pool of customers c. fewer government regulations d. increased competition
Answers (1)
A department store has budgeted sales of 12,400 men's suits in September. Management wants to have 6,400 suits in inventory at the end of the month to prepare for the winter season. Beginning inventory for September is expected to be 4,400 suits.
Answers (1)