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?
Find 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 the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
A popular performer is scheduled to appear at a major city. The promoter is deciding between two venues, the larger of which costs $20,000 to rent and the smaller of which costs $12,000 to rent.
Answers (1)
Why might an accountant user not see the Exceptions to closing date report in a Quickbooks online company
Answers (1)
A father and his son are celebrating the father's 75th birthday. Drink for drink, who will most likely have a higher BAC?
Answers (2)
Which is typical relationship between time and interest rate
Answers (1)
In general, the better candidates for shortening are: Early tasks opposed to later tasks. Later tasks opposed to early tasks. Burst tasks opposed to merge tasks. Merge tasks opposed to burst tasks.
Answers (1)
New Questions in Business
Round Hammer is comparing two different capital structures: An all-equity plan (Plan I) and a levered plan (Plan II). Under Plan I, the company would have 155,000 shares of stock outstanding.
Answers (1)
Assume that Fey Company reports the following initial balance and subsequent purchase of inventory. Inventory balance at beginning of year 1,200 units @ $60 each $ 72,000 Inventory purchased during the year 1,800 units @ $90 each 162,000 Cost of
Answers (1)
How taxation and legislation impact positively and negatively on a insurance company
Answers (1)
According to computer estimates using a traditional macroeconomic model, the Obama administration found that the multiplier for tax cuts and government expenditures were respectively a ...99 and 1.59. b. 1.59 and. 99 c. 1.3 and 1.7
Answers (1)
Aaron has recently started working at a credit union. Which motive might have prompted Aaron to join the credit union? A. to earn profit B. to sell the organization's stocks in the financial market C.
Answers (1)