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Prove your mastery! Your results will report to the gradebook. If you are not ready to submit work for a grade, you can try activities
Prove your mastery! Your results will report to the gradebook. If you are not ready to submit work for a grade, you can try activities again or attempt the Practice Mastery. Your work will be saved as you work through each part.
Using the Adjusted Trial Balance, complete the Income Statement, Statement of Retained Earnings, and Balance Sheet. Enter any decreases with a minus sign or parentheses. Adjusted Trial Balance SMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016 Balance Sheet Balance December 31, 2016 Account Title Debit Credit Cash 15,700 Revenue: Accounts Receivable 8,700 Office Supplies 200 Expenses: Prepaid Rent 10,500 Furniture 18,300 Accumulated Depreciation--Furniture 6,300 Accounts Payable 2,100 Salaries Payable 500 Interest Payable 300 Total Expenses Unearned Revenue 5,200 Net Income Notes Payable 7,300 Common Stock 10,300 Retained Earnings 10,500 Dividends 26,700 Service Revenue 47,500 Depreciation Expense--Furniture 2,100 Interest Expense 300 Rent Expense 3,100 Service Revenue 47,500 Depreciation Expense-Furniture 2,100 Interest Expense 300 Rent Expense 3,100 Salaries ExpenseStep by Step Solution
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