The following is the adjusted trial balance for Stockton Company. Stockton CompanyAdjusted Trial BalanceDecember 31 Cash 5,004 Accounts Receivable 2,032 Prepaid Expenses 632 Equipment 15,493 Accumulated Depreciation 9,570 Accounts Payable 1,608 Notes Payable 4,858 Common Stock 1,000 Retained Earnings 3,782 Dividends 819 Fees Earned 6,782 Wages Expense 2,009 Rent Expense 835 Utilities Expense 442 Depreciation Expense 237 Miscellaneous Expense 97 Totals 27,600 27,600 Determine the current assets. a.$13,591 b.$7,668 c.$27,600 d.$4,782

The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 5,004 Accounts Receivable 2,032 Prepaid Expenses 632 Equipment 15,493...

The following is the adjusted trial balance for Stockton Company.

Stockton Company Adjusted Trial Balance December 31
Cash	5,004
Accounts Receivable	2,032
Prepaid Expenses	632
Equipment	15,493
Accumulated Depreciation		9,570
Accounts Payable		1,608
Notes Payable		4,858
Common Stock		1,000
Retained Earnings		3,782
Dividends	819
Fees Earned		6,782
Wages Expense	2,009
Rent Expense	835
Utilities Expense	442
Depreciation Expense	237
Miscellaneous Expense	97
Totals	27,600	27,600

Determine the current assets.

a.$13,591

b.$7,668

c.$27,600

d.$4,782

Jun 03, 2022

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