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Stockton Company Adjusted Trial Balance December 31 Account Debit Credit Balances No Balances Cash Accounts...

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Stockton Company Adjusted Trial Balance December 31 Account Debit Credit Balances No Balances Cash Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Bob Steely, Capital Bob Steely, Drawing Fees Earned Wages Expense Rent Expense Utilities Expense Depreciation Expense Miscellaneous Expense Totals Use the adjusted trial balance for Stockton Company. Determine the net income (loss) for the period Oa. Net income is $27,912. Ob. Net income is $3,229 C. Net loss is $6,220 Od. Net loss is $3,229 12 13 18 19 21 5,131 2,903 656 14,315 1,232 1,512 4,421 13,553 32 41 51 52 53 54 59 942 7,194 2,624 367 166 91 27,912 27,912

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