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Pearson ACT-Sole Proprietorship Google Chrome act.pearsoncmg.com/activity/7/2/2 Activity 2.b - More Practice Preparing the Adjusted Trial Balance...

Pearson ACT-Sole Proprietorship Google Chrome act.pearsoncmg.com/activity/7/2/2 Activity 2.b - More Practice Preparing the Ad

Depreciation Expense.Furniture Furniture 24,640 Interest Expense 8.800 Interest Payable 6,160 14,080 Notes Payable Office Sup

Pearson ACT-Sole Proprietorship Google Chrome act.pearsoncmg.com/activity/7/2/2 Activity 2.b - More Practice Preparing the Adjusted Trial Balance Complete the Adjusted Trial Balance as of December 31, 2016 using the given information. Enter accounts in order of assets, liabilities, owner capital, owner withdrawals, revenues, and expenses. Assume all accounts have normal balances. Accounts Payable 11,440 Accounts Receivable 7.920 Accumulated Depreciation--Furniture 9,680 Bright, Capital 88,880 Balance Bright, Withdrawals 33,440 Account Title Debit Credit Cash 55,440 Depreciation Expense--Furniture 1,760 Furniture 24,640 Interest Expense 8,800 6,160 Interest Payable 14,080 Notes Payable 10,560 Office Supplies 22,880 Prepaid Rent 5,280 Rent Expense 4,400 Salaries Expense 7,040 Salaries Payable 17,600 Service Revenue S P 9 Cunalias banca o i
Depreciation Expense.Furniture Furniture 24,640 Interest Expense 8.800 Interest Payable 6,160 14,080 Notes Payable Office Supplies 10.560 22.880 Prepaid Rent 5,280 Rent Expense 4,400 Salaries Expense 7,040 Salaries Payable 17,600 Service Revenue 880 Supplies Expense Uneamed Revenue 21,120 Total
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Answer #1

  ADJUSTED TRIAL BALANCE

DECEMBER 31,2016

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ACCOUNT TITLE DEBIT ($) CREDIT ($)

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Accounts Receivable 7,920

Cash 55,440

Furniture 24,640

Prepaid rent 22,880

Office supplies 10,560

Accumulated depreciation - Furniture 9,680

Accounts payable 11,440

Inerest payable 6,160

Notes payable 14,080

Salaries expense 7,040

Unearned income 21,120

Bright capital 88,880

Bright withdrawals 33440

Service revenue 17,600

Depreciation - Furniture 1,760

Interest 8,800

Rent 5,280

Salaries 4,400

Supplies expense 880

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Totals    176,000 176,000

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