Use the information in the adjusted trial balance for Stockton Company to answer the questions that follow.
Determine the Retained Earnings ending balance.
A) $12,150
B) $13,730
C) $6,480
D) $21,400

Question

Use the information in the adjusted trial balance for Stockton Company to answer the questions that follow. 
 Determine the Retained Earnings ending balance.
A) $12,150 
B) $13,730 
C) $6,480 
D) $21,400

Quizplus · Accepted Answer

Retained Earnings beginning balance + Net Income - Dividends = Retained Earnings ending balance.
$10,200 + $5,360 - $1,830 = $13,730.

Use the Information in the Adjusted Trial Balance for Stockton