8.
Stockton Company
• Adjusted Trial Balance
December 31
Line Item Description Amount Amount
• Cash 5,603
• Accounts Receivable 2,039
• Prepaid Expenses 745
Equipment 14,754
• Accumulated Depreciation 3,333
Accounts Payable 1,452
Notes Payable 5,361
• Common Stock 1,000
Retained Earnings 8,500
• Dividends 761
Fees Earned 8,463
• Wages Expense 2,892
Rent Expense 713
Utilities Expense 340
Depreciation Expense 169
• Miscellaneous Expense 93
• Total 28,109 28,109
Determine the total assets.