Build the unadjusted trial balance and adjustments columns from the given information and total the columns. Only input amounts for accounts with balances and do not enter zeros for blank cells. Accounts Payable 6,200 Accounts Receivable 20,500 Cash 29,200 SMART TOUCH LEARNING Worksheet December 31, 2016 Unadjusted Trial Balance Adjustments Credit Debit Credit Common Stock 40,300 Account Debit Dividends 5,600 Names Cash Furniture 4,600 Accounts Notes Payable 7,000 Receivable Office Office Supplies 9.200 Supplies Prepaid Insurance 11,200 Prepaid Rent Prepaid Prepaid Rent 13,300 Insurance Rent Expense 3,000 Furniture Salaries Expense 6,100 Accumulated Depreciation Service Revenue 31,800 - Furniture Accounts Unearned Revenue 17,400 Payable Salaries KKKKK Salaries V a Prepaid rent expired, $500 Payable Utilities Utilities b Supplies used, $200 Pavable Unearned C Depreciation on furniture, $100 Revenue Revenue Notes d Accrued salaries expense, $600 Utilities bill recieved but not Payable Common e paid, $100 Stock Accrued service revenue, $400 Dividends Prepaid insurance expired, Service g $3,600 Revenue Rent Expense Insurance Expense Salaries Expense Supplies Expense Depreciation Expense- Furniture Utilities Expense Total Finish the worksheet by completing the Income Statement and Balance Sheet columns, calculating Net Income or Net Loss, and identifying if there is a Net Income or Net Loss. Only input amounts for accounts with balances and do not enter zeros for blank cells. SMART TOUCH LEARNING Worksheet December 31, 2016 Adjusted Trial Balance Income Statement Unadjusted Trial Adjustments Balance Account Names Debit Credit Debit Credit Debit Credit Debit Cash 29,700 29,700 Accounts Receivable Office Supplies Prepaid Rent Prepaid Insurance Furniture Accumulated Depreciation - Furniture 20,900 (f) 600 8,900 21,500 300 (b) 8,600 12,900 700 (a) 12,200 10,900 5,100 (E) 5,800 5,200 5,200 200 (c) Accounts Payable 6,100 Salaries Payable 900 (d) Utilities Payable 100 (e) Unearned Revenue 16,900 Notes Payable 6,700 Common Stock 39,300 Dividends 1.600 1,600 Rent Expense Service Revenue 2,900 30,900 (a) 700 600 (f) 3,600 Insurance Expense (g) 5,100 5.100 Salaries Expense 6,900 (d) 900 7,800 Supplies Expense (b) 300 300 Depreciation Expense - Furniture Utilities Expense (c) 200 200 (e) 100 100 Total Total 99,900 99,900 16,900 39,300 31,500 7,900 7,900 101,700 101,700 Balance Sheet Credit Debit Credit Service Revenue For Year Ended 12/31/2016 Rent Expense 2,700 Insurance Expense 5,700 Income Tax Expense 5,200 Salaries Expense 3,600 Supplies Expense 500 Depreciation Expense-Furniture 300 Utilities Expense 100 Total Expenses Net Income Cash Accounts Receivable Office Supplies SMART TOUCH LEARNING Balance Sheet December 31, 2016 Assets 3,800 13,800 900 Prepaid Rent Prepaid Insurance 1,900 6,700 Furniture Accumulated Depreciation - Furniture (470) Total Assets 47,430 Accounts Payable Salaries Payable Utilities Payable Income Tax Payable Unearned Revenue Notes Payable Total Liabilities Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholder's Equity 17,700 For Year Ended December 31, 2016 Retained Earnings, December 31, 2015 Add: Net Income Subtotal Less: Dividends Declared (9900) Retained Earnings, December 31, 2016 400 900 100 500 20,330 27,930 7,800 19,500 Total Liabilities and Stockholder's Equity 47,430