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\text { Stockton Company }

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\text { Adjusted Trial Balance }

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\text { December } 31

\begin{array}{|l|r|r|}\hline \text { Cash } & 7,530 & \\\hline \text { Accounts Receivable } & 2,100 & \\\hline \text { Prepaid Expenses } & 700 & \\\hline \text { Equipment } & 13,700 & \\\hline \text { Accumulated Depreciation } & & 1,100 \\\hline \text { Accounts Payable } & & 1,900 \\\hline \text { Notes Payable } & & 4,300 \\\hline \text { Common Stock } & & 1,000 \\\hline \text { Retained Earnings } & & 12,940 \\\hline \text { Dividends } & 790 & \\\hline \text { Fees Earned } & & 9,250 \\\hline \text { Wages Expense } & 2,500 & \\\hline \text { Rent Expense } & 1,960 & \\\hline \text { Utilities Expense } & 775 & \\\hline \text { Depreciation Expense } & 250 & \\\hline \text { Miscellaneous Expense } & 185 & \\\hline \text { Totals } & 30,490 & 30,490 \\\hline\end{array}

-Determine total assets.
A)$25,130
B)$16,830
C)$22,930
D)$24,030

The Income Statement Columns in the End-Of-Period Spreadsheet Show That

Multiple Choice