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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. I
Using the adjusted trial balance, calculate the total assets, liabilities, common stock, dividends, revenues, and expenses. Enter those amounts in the expanded accounting equation. I have been working on this for hours and the typical liabilities and assets formulas do not get you the correct answer. I don't know what I am missing
Accounting Cycle Tutorial Step 7: Prepare the Adjusted Trial Balance oo. 3) The Adjusted Trial Balance vs. the Expanded Accounting Equation Glossary ? HINT Activity 3.a - Compare and Contrast the Adjusted Trial Balance and the Expanded Accounting Equation 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 16.000 Accounts Receivable 800 Office Supplies 200 Prepadent 16.00 1700 6400 Accumulated Depreciation-future Accounts Payable Sayable 2,100 500 Pay 300 Uncannede 5.300 Notes Payable 7400 Common Stock 58.900 Dividends 27.100 Service Revenue 1000 Depreciation purniture 2.100 300 Rent Expense 3.200 Sans perde 1.700 Supplies te 800 Total 91.500 91.500 Assets Liabilities Common Stock Dividends Revenues Expenses 17.900 + 58.900 27.100 10,600 10,100 CHECK ANSWER RESET ! Please review your answer and try againStep by Step Solution
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