Use the adjusted trial balance for Stockton Company to answer the question that follows. Stockton Company
Adjusted Trial Balance
December 31
Account No. Debit Balances Credit Balances
Cash 11 6,172
Accounts Receivable 12 2,653
Prepaid Expenses 13 793
Equipment 18 15,963
Accumulated Depreciation 19 1,416
Accounts Payable 21 1,645
Notes Payable 22 4,404
Bob Steely, Capital 31 16,098
Bob Steely, Drawing 32 817
Fees Earned 41 7,124
Wages Expense 51 2,774
Rent Expense 52 729
Utilities Expense 53 439
Depreciation Expense 54 249
Miscellaneous Expense 59 98
Totals 30,687 30,687
Determine the owner's equity ending balance for the period.
a. $20,890.
b. $18,116.
c. $22,058.
d. $21,329.

Transactions on april 1 of the current year, andrea byrd established a business to manage rental property. she completed the following transactions during april: opened a business bank account with a deposit of $45,000 from personal funds. purchased office supplies on account, $2,000. received cash from fees earned for managing rental property, $8,500. paid rent on office and equipment for the month, $5,000. paid creditors on account, $1,375. billed customers for fees earned for managing rental property, $11,250. paid automobile expenses for month, $840, and miscellaneous expenses, $900. paid office salaries, $3,600. determined that the cost of supplies on hand was $550; therefore, the cost of supplies used was $1,450. withdrew cash for personal use, $2,000. required: 1. indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300)

During 2016, nike inc., reported net income of $3,760 million. the company declared dividends of $1,022 million. the closing entry for dividends would include which of the following? select one: a. credit cash for $1,022 million b. credit dividends for $1,022 million c. debit net income for $1,022 million d. credit retained earnings for $1,022 million e. debit dividends for $1,022 million

Rachel died in 2014 and her executor is finalizing her estate tax return. the executor has determined that rachel’s adjusted gross estate is $10,120,000 and that her estate is entitled to a charitable deduction in the amount of $500,000. using 2014 rates, calculate the estate tax liability for rachel’s estate.