3 Using the post-closing trial balance, calculate the total assets, liabilities, and equity, and enter those amounts in the basic accounting equation. Assets SMART TOUCH LEARNING Post-Closing Trial Balance December 31, 2016 Account Title Cash Balance Debit Credit 29,900 Accounts Receivable 5,700 Office Supplies 300 Prepaid Insurance 9,900 Prepaid Rent Furniture 9,900 35,300 Accumulated Depreciation--Furniture 11,900 Accounts Payable 15,900 Salaries Payable 2,300 Utilities Payable 1,100 Interest Payable 1,500 Unearned Revenue 30,400 Common Stock Retained Earnings Total - - - Liabilities 7,600 20,300 91,000 91,000 Equity