Verify all ending balances for each specific account after closing entries are journalized and posted. Be sure to enter all zero balances on the normal balance side and enter balances for permanent accounts! Retained Earnings Income Summary Adj. Bal. 8,200 Dec, 31 24,700 27,300 Dec. 31 15,900 Dec. 31 6,600 Dec. 31 Bal 7,700 Dec. 31 7,700 Bal Service Revenue Furniture Dec. 31 Dec. 31 Adj. Bal. 11,400 17,900 17,900 Salaries Expense Common Stock Adj. Bal. 37.900 Dec, 31 600 600 Dec, 31 Dividends Accounts Payable Adj. Bal. 4,600 9,700 Dec. 31 4,600 Dec. 31 2 Fill out the Post-Closing Trial Balance as of December 31, 2016 date using the given information in the T-accounts. Enter accounts in Chart of Accounts order. Office Supplies SMART TOUCH LEARNING Post-Closing Trial Balance Dec. 31 2,400 December 31, 2016 Bal 2,400 Balance Debit Credit Account Title Common Stock Cash 12,900 Dec. 31 3,600 8.600 Accounts Receivable Bal. 3,600 Office Supplies Furniture 15,200 Utilities Payable Accumulated Depreciation--Furniture 5,100 1.900 Dec, 31 Accounts Payable 6,900 Bal. 1.900 Utilities Payable 12,800 Unearned Revenue Retained Earnings Common Stock Dec. 31 8 800 Retained Earnings Bal. 8.800 Total 39,100 39,100 Using the post-closing trial balance, calculate the total assets, liabilities, and equity, and enter those amounts in the basic accounting equation. SMART TOUCH LEARNING Post-Closing Trial Balance December 31, 2016 Balance Account Title Debit Credit Cash 37,100 7,100 Accounts Receivable Office Supplies 400 12,300 Prepaid Insurance 12,300 Prepaid Rent Furniture 43,800 14,800 Accumulated Depreciation--Furniture Accounts Payable 19,800 Salaries Payable 2,900 Utilities Payable 1,400 Interest Payable 1,900 Unearned Revenue 37,500 9,500 Common Stock Retained Earnings 25,200 Total 113,000 113,000 Liabilities Equity Assets