Question 100
Multiple Choice
Use the adjusted trial balance for Stockton Company to answer the questions that follow.
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Stockton Company Adjusted Trial Balance December 31
Cash Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Bob Steely, Capital Bob Steely, Drawing Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense Totals Account No. 111213181921223132415152535459 Debit Balances 6,5302,10070013,7007902,5001,96077525018529,490 Credit Balances 1,1001,9004,30012,9409,250_____29,490
-Use the adjusted trial balance for Stockton Company. Determine the owner's equity ending balance.
A) $12,150
B) $15,730
C) $6,480
D) $21,400
Correct Answer:

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