Use the adjusted trial balance for Stockton Company below to answer the questions that follow.

-Determine the retained earnings ending balance.
A) $12,150
B) $15,730
C) $6,480
D) $21,400

Question

Use the adjusted trial balance for Stockton Company below to answer the questions that follow.
  ​
-Determine the retained earnings ending balance.
A) $12,150 
B) $15,730 
C) $6,480 
D) $21,400

Quizplus · Accepted Answer

Ending balance of retained earnings = Beginning balance of retained earnings  + Net income - Dividends = $12,940 + $3,580 - $790 = $15,730

Use the Adjusted Trial Balance for Stockton Company Below to Answer