Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Using the unadjusted trial balance, calculate the total assets, liabilities, common stock, dividends, revenues, and expenses. Enter those amounts in the expanded accounting equation. SMART
Using the unadjusted trial balance, calculate the total assets, liabilities, common stock, dividends, 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 31,600 Accounts Recevable 29,200 Office Supplies 14,600 Prepaid Rent 19,400 Prepaid Insurance 46,200 Furniture 51,600 21,900 34,100 36,500 26,700 78,200 Accumulated Depreciation Furniture Accounts Payable Unearned Revenue Notes Payable Common Stock Dividends 21,900 Service Revenue 46,200 Rent Expense 12,100 Salaries Expense 17,000 Total 243,600 243,600 Assets Liabilities 1 Common Stock Dividends 1 Revenues Expenses 78200 21900 46200 29100Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started