Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hello I need help finding the total assets and liabilities for this trial balance... Please help for both. SMART TOUCH LEARNING Adjusted Trial Balance December

Hello I need help finding the total assets and liabilities for this trial balance... Please help for both.

image text in transcribed

SMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016 Balance Account Title Debit Cash 14,700 Accounts Receivable 8,100 Office Supplies 100 Prepaid Rent 17,200 Accounts Payable Salaries Payable Interest Payable 5,900 1,900 400 Unearned Revenue 4,900 Notes Payable Bright, Capital Bright, Withdrawals 4,300 Service Revenue 1,900 Interest Expense Rent Expense Salaries Expense Supplies Expense Total 200 2.900 700 84,200 84,200 Assets Liabilities Owner, Capital Owner, Withdrawals Revenues Expenses 54300 25200 9800 9100

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Objective Questions And Explanations

Authors: Irvin N. Gleim

7th Edition

0917539664, 978-0917539664

More Books

Students also viewed these Accounting questions

Question

Define community property.

Answered: 1 week ago