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Home / Questions / Use the adjusted trial balance for Stockton Company to answer the questions that follow.

Use the adjusted trial balance for Stockton Company to answer the questions that follow.

Use the adjusted trial balance for Stockton Company to answer the questions that follow.


Stockton Company

Adjusted Trial Balance

December 31


Account

No.

Debit

Balances

Credit

Balances

Cash 11
6,530


Accounts Receivable 12
2,100


Prepaid Expenses 13
700


Equipment 18
13,700


Accumulated Depreciation 19
1,100

Accounts Payable 21
1,900

Notes Payable 22
4,300

Bob Steely, Capital 31
12,940

Bob Steely, Drawing 32
790


Fees Earned 41
9,250

Wages Expense 51
2,500


Rent Expense 52
1,960


Utilities Expense 53
775


Depreciation Expense 54
250


Miscellaneous Expense 59
185


Totals

29,490

29,490




Use the adjusted trial balance for Stockton Company. Determine the net income (loss) for the period.

Nov 21 2019 View more View Less

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