Question

act.pearsoncmg.com/activity/7/2/2 Complete the Adjusted Trial Balance as of December 31, 2016 using the given information. Enter accounts in order of assets, liabilities, common stock, dividends, revenues, and expenses. Assume all accounts have normal balances. Accounts Payable 8.900 SMART TOUCH LEARNING Accounts Rrrivable 5,500 Adjusted Trial Balance Accumulated Depreciation. Furniture 7,700 December 31, 2016 Cash 74,200 Balance Common Stock 94,610 Account Title Debit Credit Cost of Goods Sold 3,200 cash Deferred Tax Liability 3,200 accounts receivable 13,200 office supplies Depreciation Expense Furniture Dividends 19,800 prepaid rent furniture Furniture 39,600 Income Tax Expense accumulated depreciation - furniture 19,800 Income Taxes Payable 19,800 Unearned Revenue salaries payable Interest Expense 6,600 Interest Payable 2,200 interest payable accounts payable Inventory 17,600 Notes Payable 5,500 notes payable Office Supplies 2,200 Salaries Payable Prepaid Rent 11,000 Rent Expense 22.000 Salaries Fines

Data information is on left side of picture

Answer 1

SMART TOUCH LEARNING
Adjusted Trial Balance
December 31, 2016
Account Title	Debit	Credit
Cash	24,200
Accounts Receivable	5,500
Inventory	17,600
Office Supplies	2,200
Prepaid Rent	11,000
Furniture	39,600
Accumulated Depreciation - Furniture		7,700
Accounts Payable		8,800
Interest Payable		2,200
Salaries Payable		4,400
Unearned revenue		9,900
Income Tax Payable		19,800
Deferred Tax Liability		3,300
Notes Payable		5,500
Common Stock		94,610
Dividends	19,800
Service Revenue		63,790
Cost of Goods Sold	3,300
Depreciation Expense-Furniture	13,200
Rent Expense	22,000
Salaries Expense	30,800
Supplies Expense	4,400
Interest Expense	6,600
Income Tax Expense	19,800
Total	220,000	220,000