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Using the unadjusted trial balance, calculate the total assets, liabilities, owner capital, owner withdrawals, revenues, and expenses. Enter those amounts in the expanded accounting equation.
Using the unadjusted 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 Unadjusted Trial Balance December 31, 2016 Balance Account Title Debit Credit Cash 28,100 Accounts Receivable 21,600 Office Supplies 13,000 Prepaid Rent 41,800 Furniture 23,800 Building 4,300 Land 26,000 Accounts Payable 28,100 Utilities Payable 30,300 Unearned Revenue 15,100 Notes Payable 32,500 Bright, Capital 69,700 Bright, Withdrawals 10,800 Service Revenue 41,200 Rent Expense 28,100 Salaries Expense 10,800 Utilities Expense 8,600 Total 216,900 216,900 apital - Assets Liabilities + Owner, Capital - Owner, Withdrawals wie bians Revenues ExpensesStep by Step Solution
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