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The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted
Trial Balance December 31 Cash 5,834 Accounts Receivable 2,990 Prepaid Expenses 763
Equipment 13,703 Accumulated Depreciation 7,503 Accounts Payable 1,768 Notes Payable
4,583 Common Stock 1,000 Retained Earnings 4,452 Dividends 819 Fees Earned 8,498 Wages
Expense 2,218 Rent Expense 750 Utilities Expense 396 Depreciation Expense 211
Miscellaneous Expense 120 Totals 27,804 27,804 Determine the net inco

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  • 1. The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 5,834 Accounts Receivable 2,990 Prepaid Expenses 763 Equipment 13,703 Accumulated Depreciation 7,503 Accounts Payable 1,768 Notes Payable 4,583 Common Stock 1,000 Retained Earnings 4,452 Dividends 819 Fees Earned 8,498 Wages Expense 2,218 Rent Expense 750 Utilities Expense 396 Depreciation Expense 211 Miscellaneous Expense 120 Totals 27,804 27,804 Determine the net inco