Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Activity 3.a-Compare and Contrast the Unadjusted Trial Balance and the Expanded Accounting Equation Using the unadjusted trial balance, calculate the total assets, liabilities, common stock,
Activity 3.a-Compare and Contrast the Unadjusted Trial Balance and the Expanded Accounting Equation Using the unadjusted trial balance, calculate the total assets, liabilities, common stock, dividends, revenues, and expenses. Enter those amounts in the expanded accounting equation. Acc Cash Ace Of Prepar Commik Sales Exe SMART TOUCH LEARNING Unadjusted Trial Balance December 31, 2016 Debit 15,000 15300 *300 1,000 Credit 1400 300 HINT Office Supplies 300- Prep Re 250 Farmer Building 16A00 3000 Land Os Payable Uneamed Revenue 14300 10.700 23.00 Con Stock 45.200 1.000 25,00 Expe 18000 1600 Exper LIN Assets Liabilities Common Stock Dividends Revenues Expenses + + CHECK ANSWER y compare and contrast the Unadjusted Trial Balance and the Expanded Accounting Equation Using the unadjusted trial balance, calculate the total assets, liabilities, common stock, dividends, revenues, and expenses. Enter those amounts in the expanded accounting equation. Cash Account Title Accounts Receivable Office Supplies Prepaid Rent Furniture Building Land Accounts Payable Utilities Payable Unearned Revenue. SMART TOUCH LEARNING Unadjusted Trial Balance December 31, 2016 Balance Debit Credit 19.900 15.300 9.100 29,500 16,800 3,000 18,300 19,900 21,400 100 Prepaid Rent 21,500 Furniture 1800 3000 Land 18.300 Accounts Payable 1900 Us Payable Uneamed Revenue 21,400 10.700 22500 Common Stock 4200 Dividen 7000 Service Revenue 20000 Rent Expense 15900 Sales Expe 7600 Units Expense Total 6.100 153,100 153,100 Assets =1 Liabilities + Common Stock Dividends Revenues Expenses
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started