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I still need help trying to find the highlighted answers is this clearer? SMART TOUCH LEARNING Balance Sheet December 31, 2016 Assets Liabilities 17200 accounts
I still need help trying to find the highlighted answers
is this clearer?
SMART TOUCH LEARNING Balance Sheet December 31, 2016 Assets Liabilities 17200 accounts payable 2100 accounts recievable 9,500 Salaries payable 500 office supplies 200 interest payable 300 prepaid rent 11500 uneared revenue 200 furniture 20,900 notes payable 3000 Loss accumulated depreciation 6000 14,000 Total Liabilities 17,600 Owner's Equity owner's capital 34800 Total Assets 52.400 Total Liabilities and owner's Equity 52.400 Balance Debit Credit Bright, Capital, December 1, 2016 22.700 Account Title Cash 17,200 Net Income for the month 41,200 Accounts Receivable 9,500 63.900 Office Supplies 129,100) Bright, withdrawals 200 Prepaid Rent 11,500 Bright, Capital, December 31, 2016 34.000 Furniture 20,100 Accumulated Depreciation Furniture 6,800 Accounts Payable 2,300 Salaries Payable 500 Interest Payable 300 Unearned Revenue 5.700 Notes Payable 8000 Bright Capital 22.700 Bright Withdrawals 29,100 Service Revenue 52.100 Depreciation Expense Furniture 2,300 Interest Expense 300 Rent Expense 3,400 Salaries Expense 4,000 Supplies Expense 900 Total 98,500 98,500Step by Step Solution
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