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Using the Adjusted Trial Balance, calculate the total assets, liabilities, common stock, dividends, revenues, and expenses. Enter those amounts in the expanded accounting equation. SMART
Using the Adjusted Trial Balance, calculate the total assets, liabilities, common stock, dividends, revenues, and expenses. Enter those amounts in the expanded accounting equation.
SMART TOUCH LEARNING | ||
---|---|---|
Adjusted Trial Balance | ||
December 31, 2016 | ||
Balance | ||
Account Title | Debit | Credit |
Cash | 16,600 | |
Accounts Receivable | 9,200 | |
Office Supplies | 200 | |
Prepaid Rent | 11,100 | |
Furniture | 19,400 | |
Accumulated Depreciation--Furniture | 6,600 | |
Accounts Payable | 2,200 | |
Salaries Payable | 500 | |
Interest Payable | 300 | |
Unearned Revenue | 5,500 | |
Notes Payable | 7,700 | |
Common Stock | 61,400 | |
Dividends | 28,400 | |
Service Revenue | 11,100 | |
Depreciation Expense--Furniture | 2,200 | |
Interest Expense | 300 | |
Rent Expense | 3,300 | |
Salaries Expense | 3,800 | |
Supplies Expense | 800 | |
Total | 95,300 | 95,300 |
Assets | = | Liabilities | + | Common Stock | - | Dividends | + | Revenues | - | Expenses |
correct | = | correct | + | correct | - | correct | + | correct | - | incorrect |
A single underline below a cell represents subtotal.
A double underline below a cell represents grand total.
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