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3 years ago

Prepare the Unadjusted Trial Balance

Business

1 answer:

Alex73 [517]3 years ago

8 0

Answer:

Unadjusted Trial Balance of Smart Touch Learning is presented below in explanation section with a total of $66,000 in Debit and Credit Side.

Solution in Excel is also attached for your reference

Explanation:

Smart Touch Learning

Un-adjusted Trial Balance for the year ended 31 December, 2016

Account Debit Credit

Assets

Furniture (Debit) $12,400

Accounts Receivable (Debit) $600

Cash (Debit) $43,410

Prepaid Insurance (Debit) $1,900

Liabilities

Unearned Revenue (Credit) $3,700

Common Stock

Common Stock (Credit) $39,100

Dividends

Dividends (Debit) $3,600

Revenues

Service Revenue (Credit) $23,200

Expenses

Office Supplies (Debit) $510

Rent Expense (Debit) $1,200

Salaries Expense (Debit) $2,000

Utilities Expense (Debit) $380

Total $66,000 $66,000

Download xlsx

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