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SMART TOUCH LEARNING Income Statement SMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016 Balance Account Title Debit Credit 15.200 Month Ended December 31, 2016

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SMART TOUCH LEARNING Income Statement SMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016 Balance Account Title Debit Credit 15.200 Month Ended December 31, 2016 Cash Revenue: Accounts Receivable 8,400 Office Supplies 200 Expenses: Prepaid Rent 10,100 Furniture 17,800 Accumulated Depreciation-- Furniture 6,100 Accounts Payable 2,000 Salaries Payable 500 Interest Payable 300 Total Expenses 9.600 Unearned Revenue 5.000 Net Income 36,700 Notes Payable 7.100 Common Stock 9,900 Retained Earnings 10,100 Dividends 26,000 Service Revenue 46,300 Depreciation Expense--Furniture 2,000 Interest Expense Rent Expense 3,000 Salaries Expense 3.500 Supplies Expense 800 Total 87,300 87,300

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