The following is the adjusted trial balance for Stockton Company. Determine the

Question

The following is the adjusted trial balance for Stockton Company.

Determine the current assets.

$3,609

$8,568

$27,655

$13,105

Stockton Company
Adjusted Trial Balance
December 31 Cash 5,156 Accounts Receivable 2,628 Prepaid Expenses 784 Equipment 13,445 Accumulated Depreciation 8,908 Accounts Payable 1,414 Notes Payable 4,941 Common Stock 1,000 Retained Earnings 2,609 Dividends 826 Fees Earned 8,783 Wages Expense 3,266 Rent Expense 881 Utilities Expense 344 Depreciation Expense 253 Miscellaneous Expense 72 Totals 27,655 27,655

Explanation / Answer

Current assets=Cas+AR+Prepoaid expenses

=(5156+2628+784)

which is equal to

=$8568

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