om irr takeAssignment takeAssignmentMando?invoker:assignments&takeAssignmenSessi

Question

om irr takeAssignment takeAssignmentMando?invoker:assignments&takeAssignmenSessionLocator-assign; a ? ? e.. The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash Accounts Receivable Prepaid Expenses 5,061 2,298 718 15,945 Accumulated Depreciation Accounts Payable Notes Payable Common Stock Retained Earnings 2,421 1,501 5,887 1,000 12,390 810 6,350 Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense 3,311 761 391 152 102 29,549 29.549 Determine the retained earnings ending balance $13,213 29.549 51,633 $13,390 work saved

Explanation / Answer

Net income for the year = 6350-3311-761-391-152-102= $1633 Retained earnings ending balance = 12390+1633-810= $13213 Option 1 is correct

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