The following is the adjusted trial balance for stockton company

The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash Accounts Receivable Prepaid Expenses Equipment 5,977 2,061 798 15,783 12,881 1,741 4,845 1,000 2,106 Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense Totals Determine the retained earnings ending balance O $2,792 746 6,947 2,624 722 442 272 95 29,520 29,520 $4,152 $3,106 O $29,520 These could be the adjusted test stability for Stockton business. Stockton business Adjusted test Balance December 31 money records Receivable Prepaid expenditures gear 5,977 2,061 798 15,783 12,881 1,741 4,845 1,000 2,106 records Payable Notes Payable typical Inventory Retained profits Dividends costs Earned Wages cost lease cost Utilities cost Depreciation cost Miscellaneous cost Totals Determine the retained profits closing stability O $2,792 746 6,947 2,624 722 442 272 95 29,520 29,520 $4,152 $3,106 O $29,520

Solution:$4,152
Operating:

Amount
Retained profits given $2,106
Add: costs made 6,947
Less: dividend -746
Wages Expense -2,624
Rent Expense -722
Utilities Expense -442
Depreciation Expense -272
Miscellaneous expense -95
Retained profits closing stability $4,152

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