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Enter each account balance in the appropriate financial statement column.

SMART TOUCH LEARNING

Worksheet

December $31,2016$

Unadjusted Trial Balance

Adjustments

Adjusted Trial Balance

Income Statement

Balance Sheet

Account Names

Debit

Credit

Debit

Credit

Debit

Credit

Debit

Credit

Debit

Credit

Cash

$14,700$

$14,700$

correct

correct

incorrect

$14700$

incorrect

Accounts Receivable

$1,900$

$($f$)$

$1,500$

$3,400$

correct

correct

incorrect

$3400$

incorrect

Office Supplies

$400$

$100$

$($b$)$

$300$

correct

correct

incorrect

$300$

incorrect

Prepaid Rent

$2,900$

$400$

$($a$)$

$2,500$

correct

correct

incorrect

$2500$

incorrect

Furniture

$19,700$

$19,700$

correct

correct

incorrect

$19700$

incorrect

Accumulated Depreciation $-$ Furniture

$1,300$

$($c$)$

$1,300$

correct

$1300$

incorrect

correct

incorrect

Accounts Payable

$100$

$100$

correct

correct

correct

incorrect

Salaries Payable

$2,300$

$($d$)$

$2,300$

correct

correct

correct

incorrect

Interest Payable

$600$

$($e$)$

$600$

correct

correct

correct

incorrect

Unearned Revenue

$500$

$($h$)$

$100$

$400$

correct

correct

correct

incorrect

Notes Payable

$19,300$

$19,300$

correct

correct

correct

incorrect

Common Stock

$22,600$

$22,600$

correct

correct

correct

incorrect

Dividends

$7,700$

$7,700$

correct

correct

incorrect

$7700$

incorrect

Service Revenue

$10,100$

$1,500$

$($f$)$

$11,700$

correct

incorrect

correct

correct

$100$

$($h$)$

correct

correct

correct

correct

Rent Expense

$1,900$

$($a$)$

$400$

$2,300$

incorrect

correct

correct

$2300$

incorrect

Salaries Expense

$3,400$

$($d$)$

$2,300$

$5,700$

incorrect

correct

correct

$5700$

incorrect

Supplies Expense

$($b$)$

$100$

$100$

incorrect

correct

correct

$100$

incorrect

Depreciation Expense $-$ Furniture

$($c$)$

$1,300$

$1,300$

incorrect

correct

correct

$1300$

incorrect

Interest Expense

$($e$)$

$600$

$600$

incorrect

$6300$

incorrect

correct

$600$

incorrect

Total

$52,600$

$52,600$

$6,300$

$6,300$

$58,300$

$58,300$

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