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Prepare the Statement of Retained Earnings from the Adjusted Trial Balance and Income Statement. Within each section of the statement, use the drop-down menus to
Prepare the Statement of Retained Earnings from the Adjusted Trial Balance and Income Statement. Within each section of the statement, use the drop-down menus to enter the accounts in Chart of Accounts order and select the account balances. SMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016 SMART TOUCH LEARNING Income Statement Month Ended December 31, 2016 Balance Revenue Account Title Debit 19,500 10,800 Credit 59,100 Service Revenue Cash Expenses Depreciation Expense--Furniture Interest Expense Rent Expense Salaries Expense Supplies Expense Total Expenses Accounts Receivable 2,600 200 Office Supplies 300 Prepaid Rent 13,000 3,900 22,800 Furniture 4,500 Accumulated Depreciation--Furniture Accounts Payable Salaries Payable Interest Payable 7,800 1,000 2,600 12,300 600 46,800 Net Income 300 Unearned Revenue 6,500 Notes Payable 9,100 Common Stock 12,700 Retained Earnings 13,000 Dividends 33,100 59,100 Service Revenue Depreciation Expense-Furniture Interest Expense Rent Expense Salaries Expense Supplies Expense 2,600 300 3,900 4,500 26,700 Retained Earnings, December 31, 2016 1,000 Total 111,700 111,700
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