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Prepare the income Statement from the Adjusted Trial Balance. Within each section of the statement, enter the accounts and the account balances. Then, calculate total
Prepare the income Statement from the Adjusted Trial Balance. Within each section of the statement, enter the accounts and the account balances. Then, calculate total expenses and net income. SMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016 Balance Account Title Debit Credit Cash 15,000 Accounts Receivable 8,300 Office Supplies 200 Prepaid Rent 10.000 Furniture 17.500 Accumulated Depreciation-Fumiture 6,000 Accounts Payable 2,000 Salaries Payabile 500 Interest Payable 300 Uneamed Revenue 5,000 Notes Payable 7,000 Common Stock 9,800 Retained Earnings 10,000 Dividends 25 200 Service Revenge 45.200 Depreciation Expense-- Furniture 2,000 Interest Expense 300 Rent Expense 3,000 Salaries Expense 3.500 Supplies Expense 800 Total 85,800 85,800 SMART BOOKS LEARNING
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