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Using the adjusted trial balance, calculate the total assets, liabilities, owner capital, owner withdrawals, revenues, and expenses. Enter those amounts in the expanded accounting equation.
Using the adjusted trial balance, calculate the total assets, liabilities, owner capital, owner withdrawals, 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 18,500 Accounts Receivable 10,200 Office Supplies 200 Prepaid Rent 12.300 Furniture 21,600 Accumulated Depreciation-Furniture 7,400 Accounts Payable 2.400 Salaries Payable Interest Payable Unearned Revenue 6.100 Notes Payable 8,600 Bright, Capital 68,400 Bright, Withdrawals 31,700 Service Revenue 12.300 Depreciation Expense--Furniture 2,400 Interest Expense 300 Rent Expense 3,700 Salaries Expense 4300 Supplies Expense 900 Total 106,100 106,100 Assets = Liabilities + Owner, Capital Owner, Withdrawals Revenues Expenses
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