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Determine the retained earnings ending balance

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Reference no: EM133254083

Use the adjusted trial balance for Stockton Company below to determine the Retained Earnings ending balance. 

Stockton Company

Adjusted Trial Balance

31-Dec

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 Earnings 

 

12,940

Dividends

790

 

Fees Earned

 

9,250

Wages Expense

2,500

 

Rent Expense

1,960

 

Utilities Expense

775

 

Depreciation Expense

250

 

Miscellaneous Expense

185

?            

Totals

30,490

30,490

Reference no: EM133254083

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