Use the adjusted trial balance for Stockton Company to answe…

Questions

Use the аdjusted triаl bаlance fоr Stоcktоn Company to answer the question that follow.Stockton CompanyAdjusted Trial BalanceDecember 31Line Item DescriptionAmountAmountCash7,530Accounts Receivable2,100Prepaid Expenses700Equipment13,700Accumulated Depreciation1,100Accounts Payable1,900Notes Payable4,300T. Rawlings, Capital13,940T. Rawlings, Drawing790Fees Earned9,250Wages Expense2,500Rent Expense1,960Utilities Expense775Depreciation Expense250Miscellaneous Expense185Total30,49030,490Determine the total assets.

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