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 total assets.

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.