Question:
Use the following information in the adjusted trial balance for Stockton Company to answer the following questions.
Stockton Company
Adjusted Trial Balance
For the Year ended December 31, 20XX
Cash $ 6,030
Accounts Receivable 2,100
Prepaid Expenses 700
Equipment 13,700
Accumulated Depreciation $ 1,100
Accounts Payable 1,900
Notes Payable 4,200
Bob Steely, Capital 12,940
Bob Steely, Withdrawals (-) 790
Fees Earned 8,750
Wages Expense 2,500
Rent Expense 1,960
Utilities Expense 775
Depreciation Expense 250
Miscellaneous Expense 85
Totals $28,890 $28,890
Deteremine the total assets?