Use the information in the adjusted trial balance for Stockton Company to answer the questions that follow. Determine total assets.
A) $23,630
B) $15,330
C) $21,430
D) $22,530

Question

Use the information in the adjusted trial balance for Stockton Company to answer the questions that follow.  Determine total assets.
A) $23,630 
B) $15,330 
C) $21,430 
D) $22,530

Quizplus · Accepted Answer

To determine total assets, we need to add up all the asset accounts in the adjusted trial balance. 
$3,200 + $6,500 + $10,300 + $1,430 = $21,430. 
Therefore, the total assets are $21,430.

Use the Information in the Adjusted Trial Balance for Stockton