The adjusted trial balance for Stockton Company lists total assets of $23,030 comprised of cash of $6,530, accounts receivable of $2,100, prepaid expenses of $700, and equipment of $13,700. The document provides an accounting of Stockton Company's assets according to its adjusted trial balance.

1. Use the following information in the adjusted trial balance for Stockton Company to answer the
following questions. Determine total assets. a. $24,130 b. $21,930 c. $15,830 d. $23,030
Solution
d. $ 23030
Cash $ 6,530.00
Accounts Receivable $ 2,100.00
Prepaid Expenses $ 700.00
Equipment $ 13,700.00
Total Assets $ 23,030.00