Question
SMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016 Balance Account Title Debit Credit Cash 41,820 Accounts Receivable 1,800 Office Supplies 450 Prepaid Insurance 1,425
| SMART TOUCH LEARNING | ||
|---|---|---|
| Adjusted Trial Balance | ||
| December 31, 2016 | ||
| Balance | ||
| Account Title | Debit | Credit |
| Cash | 41,820 | |
| Accounts Receivable | 1,800 | |
| Office Supplies | 450 | |
| Prepaid Insurance | 1,425 | |
| Furniture | 12,400 | |
| Accumulated Depreciation - Furniture | 400 | |
| Salaries Payable | 3,900 | |
| Unearned Revenue | 5,500 | |
| Common Stock | 32,400 | |
| Dividends | 2,400 | |
| Service Revenue | 26,500 | |
| Salaries Expense | 5,400 | |
| Depreciation Expense - Furniture | 400 | |
| Insurance Expense | 475 | |
| Utilities Expense | 210 | |
| Rent Expense | 1,800 | |
| Supplies Expense | 120 | |
| Total | 68,700 | 68,700 |
| Adjusted Trial BalanceBalance SheetDecember 31, 2016Income StatementMonth ended December 31, 2016Smart Books LearningSmart Touch LearningStatement of Retained Earnings | ||
|---|---|---|
| Adjusted Trial BalanceBalance SheetDecember 31, 2016Income StatementMonth ended December 31, 2016Smart Books LearningSmart Touch LearningStatement of Retained Earnings | ||
| Adjusted Trial BalanceBalance SheetDecember 31, 2016Income StatementMonth ended December 31, 2016Smart Books LearningSmart Touch LearningStatement of Retained Earnings | ||
| Revenues: | ||
| Expenses: | ||
| Total Expenses | ||
| Net Income | ||
| Adjusted Trial BalanceBalance SheetDecember 31, 2016Income StatementMonth ended December 31, 2016Smart Books LearningSmart Touch LearningStatement of Retained Earnings | |
|---|---|
| Adjusted Trial BalanceBalance SheetDecember 31, 2016Income StatementMonth ended December 31, 2016Smart Books LearningSmart Touch LearningStatement of Retained Earnings | |
| Adjusted Trial BalanceBalance SheetDecember 31, 2016Income StatementMonth ended December 31, 2016Smart Books LearningSmart Touch LearningStatement of Retained Earnings | |
| DividendsNet income for the monthRetained Earnings, December 1, 2016Retained Earnings, December 31, 2016 | |
| DividendsNet income for the monthRetained Earnings, December 1, 2016Retained Earnings, December 31, 2016 | |
| DividendsNet income for the monthRetained Earnings, December 1, 2016Retained Earnings, December 31, 2016 | |
| DividendsNet income for the monthRetained Earnings, December 1, 2016Retained Earnings, December 31, 2016 | |
| Adjusted Trial BalanceBalance SheetDecember 31, 2016Income StatementMonth ended December 31, 2016Smart Books LearningSmart Touch LearningStatement of Retained Earnings | ||||||
|---|---|---|---|---|---|---|
| Adjusted Trial BalanceBalance SheetDecember 31, 2016Income StatementMonth ended December 31, 2016Smart Books LearningSmart Touch LearningStatement of Retained Earnings | ||||||
| Adjusted Trial BalanceBalance SheetDecember 31, 2016Income StatementMonth ended December 31, 2016Smart Books LearningSmart Touch LearningStatement of Retained Earnings | ||||||
| Assets | Liabilities | |||||
| Total Liabilities | ||||||
| Stockholders' Equity | ||||||
| Less: | ||||||
| Total Stockholders' Equity | ||||||
| Total Assets | Total Liabilities and Stockholders' Equity | |||||
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Accounting Understanding And Practice
Authors: Robert Perks
4th Edition
9780077139131
