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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 26,200 Accounts Receivable 20,100 Office Supplies 12,100 Prepaid Rent 38,900 Furniture 22,200 Building 4,000 Land 24,200 Accounts Payable Utilities Payable 26,200 28,200 Unearned Revenue 14,100 Notes Payable 30,200 Bright, Capital 64,500 Bright, Withdrawals 10,000 Service Revenue 38,300 Rent Expense 26,200 Salaries Expense 10,000 Utilities Expense 8000 Total 201,900 201,900 Assets = Liabilities Owner, Capital - Owner, Withdrawals + Revenues Expenses 201900 +
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