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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 19,500 Accounts Receivable 10.800 Office Supplies 200 Prepaid Rent 13,000 Furniture 22,800 Accumulated Depreciation --Furniture 7,800 Accounts Payable 2,600 Salaries Payable 600 Interest Payable 300 Unearned Revenue 6.500 Notes Payable 9,100 Bright, Capital 71,700 Bright Withdrawals 33,000 Service Revenue 13,000 Depreciation Expense-- Furniture 2,600 Interest Expense 300 Bright, Withdrawals 33,000 Service Revenue 13,000 Depreciation Expense--Furniture 2,600 Interest Expense 300 Rent Expense 3,900 Salaries Expense 4,500 Supplies Expense 1,000 Total 111,600 111,600 Assets = Liabilities + Owner, Capital Owner, Withdrawals Revenues Expenses 58500 II 19100 +
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