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Stockton Company Adjusted Trial Balance December 31 Cash 5,192 Accounts Receivable 2,067 Prepaid Expenses 756 Equipment 15,056 Accumulated Depreciation 3,800 Accounts Payable 1,474 Notes Payable 5,103 Common Stock 1,000 Retained Earnings 10,197 Dividends 853 Fees Earned 6,286 Wages Expense 2,497 Rent Expense 762 Utilities Expense 338 Depreciation Expense 242 Miscellaneous Expense 97 Totals 27,860 27,860 Determine the total assets. $27,860 $19,271 $23,071 $11,197

Respuesta :

Answer:

$19,271

Explanation:

Assets are resources controlled by an entity as a result of past events, for which future economic benefits will flow to the entity.

Examples include inventory, Prepayments, Cash and Cash equivalents, account receivables, Plant, Property and Equipment etc.

Total assets

= $5,192 + $2,067 + $756 + $15,056 - $3,800

= $19,271

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