Question

Calculate and enter the ending balance for each t-account. Building Accounts Payable Dec. 1 32,200 28,900 Dec. 2 Dec. 1 26,900 42,600 Dec. 2 Dec. 2 6,300 13,200 Dec. 3 Dec. 2 4,200 18,500 Dec 3 Dec. 5 25,500 6,900 Dec. 4 Dec. 5 20,500 11,300 Dec. 4 Dec. 6 12,700 1,300 Dec. 6 Dec. 6 10,200 2,000 Dec. 6 Dec. 7 29,800 19,500 Dec. 10 Dec. 7 23,900 28,900 Dec. 10 Common Stock Dividends 54,200 Dec. 2 Dec. 1 39,600 23,700 Dec. 3 Dec. 2 6,300 14,400 Dec. 4 Dec. 5 30,600 2,600 Dec. 6 Dec. 6 15,300 36,800 Dec. 10 Dec. 7 35,700

Answer 1

Solution for 1:-

Calculating and Entering the Ending Balance for each T-Accounts:-

Building

Date	Amount	Amount	Date
Dec. 1	$32,200	$28,900	Dec. 2
Dec. 2	6,300	13,200	Dec. 3
Dec. 5	25,500	6,900	Dec. 4
Dec. 6	12,700	1,300	Dec. 6
Dec. 7	29,800	19,500	Dec. 10
		$36,700	Balance
Total	$106,500	$106,500	Total
Closing Bal.	$36,700

Accounts Payable

Dec. 1	$26,900	$42,600	Dec. 2
Dec. 2	4,200	18,500	Dec. 3
Dec. 5	20,500	11,300	Dec. 4
Dec. 6	10,200	2,000	Dec. 6
Dec. 7	23,900	28,900	Dec. 10
Balance	$17,600
Total	$103,300	$103,300	Total
		$17,600	Closing Bal.

Common Stock

Balance	$131,700	$54,200	Dec. 2
		23,700	Dec. 3
		14,400	Dec. 4
		2,600	Dec. 6
		36,800	Dec. 10
Total	$131,700	$131,700	Total
		$131,700	Closing Bal.

Dividends

Dec. 1	$39,600	$127,500	Balance
Dec. 2	6,300
Dec. 5	30,600
Dec. 6	15,300
Dec. 7	35,700
Total	$127,500	$127,500	Total
Closing Bal.	$127,500

Service Revenue

Balance	$85,600	$9,400	Dec. 2
		1,700	Dec. 3
		35,200	Dec. 4
		15,400	Dec. 6
		23,900	Dec. 10
Total	$85,600	$85,600	Total
		$85,600	Closing Bal.

Rent Expense

Dec. 1	$17,900	$137,800	Balance
Dec. 2	26,100
Dec. 5	13,700
Dec. 6	70,500
Dec. 7	9,600
Total	$137,800	$137,800	Total
Closing Bal.	$137,800

Solution for 2:-

Preparing An Unadjusted Trial Balance for Smart Touch Learning for December 31,2016:-

Smart Touch Learning

Unadjusted Trial Balance

December 31,2016

Accounts	Debit	Credit
Truck	$12,800
Accounts Payable		$9,600
Common Stock		2,900
Dividends	400
Service Revenue		1,100
Advertising Expense	400
Totals	$13,600	$13,600

Solution For 3:-

Calculating the ending balance in the T-Accounts then inserting those into Unadjusted Trial Balance:-

Cash

Nov. 1	$900	$6,500	Balance
Nov. 2	1,600
Nov. 3	3,400
Nov. 7	600
Total	$6,500	$6,500	Total
Ending Bal.	$6,500

Unearned Revenue

Balance	$10,900	$8,000	Nov.
		2,900	Nov.
Total	$10,900	$10,900	Total
		$10,900	Ending Bal.

SMART TOUCH LEARNING

Unadjusted Trial Balance

December 31,2016

Accounts Title	Debit	Credit
Cash	$6,500
Accounts Receivable	37,200
Office Supplies	13,100
Prepaid Rent	44,300
Furniture	8,700
Accounts Payable		$15,300
Salaries Payable		28,500
Unearned Revenue		10,900
Common Stock		120,800
Dividends	24,100
Service Revenue		43,800
Rent Expense	28,500
Salaries Expense	35,000
Supplies Expense	21,900
Totals	$219,300	$219,300

Solution for 4:-

Using the Unadjusted Trial Balance Calculating Total Assets, Liabilities, Common Stock, Dividends, Revenue and Expenses. And Entering those amounts in the expanded Accounting Equation:-

Total Assets=(Cash+Accounts Receivable+Office Supplies+Prepaid Rent+Furniture+Building+Land)

=($21,700+$16,700+$10,000+$32,400+$18,400+$3,300+$20,000)

=$122,500

Liabilities=(Accounts Payable+Utilities Payable+Unearned Revenue+Notes Payable)

=($21,700+$23,400+$11,700+$25,100)

=$81,900

Common Stock=$53,700

Dividends=$8,300

Revenues=Service Revenue

=$31,800

Expenses=(Rent Expense+Salaries Expense+Utilities Expense)

=($21,700+$8,300+$6,600)

=$36,600

Expanded Accounting Equation:-

Assets	=	Liabilities	+	Common Stock	-	Dividends	+	Revenues	-	Expenses
$122,500	=	$81,900	+	$53,700	-	$8,300	+	$31,800	-	$36,600