Use the following information in the adjusted trial balance…
Use the following information in the adjusted trial balance for Stockton Company to answer the following questions. Snead Company Adjusted Trial Balance For the Year ended December 31, 2019 Cash $ 9,865 Accounts Receivable 2,100 Prepaid Insurance 700 Equipment 12,750 Accumulated Depreciation $ 2,400 Accounts Payable 1,900 Notes Payable 4,375 Bob Steely, Capital 12,940 Bob Steely, Drawing 790 Fees Earned 10,250 Wages Expense 2,500 Rent Expense 2,000 Utilities Expense 775 Depreciation Expense 200 Miscellaneous Expense 185 Totals $31,865 $31,865 Determine the ending equity for the period.