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Post the transactions to the ledger in chronological order and complete the Adjusted Trial Balance.

Transactions
Dec.	1	Issued common stock for $24,200 cash.
	2	Billed clients for $11,000 of work performed.
	3	Received payment of $9,500 in advance for work to be performed.
	5	Paid rent in advance of $10,900 to cover December through March rent.
	10	Bought furniture, paying $3,100 cash and $7,400 notes payable.
	15	Received $4,400 from accounts receivable.
	15	Incurred salaries expense of $18,700 to be paid at a future date.
	16	Paid $490 toward their Accounts Payable.
	31	Made an adjustment for revenue of $9,500 that was prepaid and had been earned.
	31	Adjusted for rent expired during December.
	31	Adjusted for depreciation on furniture, $320.
	31	Paid salaries payable and incurred another $18,700 of salaries expense to be paid next month. Post the salaries paid first.
	31	Paid $3,900 in Dividends.

Cash
Date	Explanation	Ref.	Debit	Credit	Balance
	Balance		21,000		21,000
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31

Accounts Receivable
Date	Explanation	Ref.	Debit	Credit	Balance
	Balance		0		0
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31

Prepaid Rent
Date	Explanation	Ref.	Debit	Credit	Balance
	Balance		0		0
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31

Furniture
Date	Explanation	Ref.	Debit	Credit	Balance
	Balance		19,300		19,300
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31

Accumulated Depreciation - Furniture
Date	Explanation	Ref.	Debit	Credit	Balance
	Balance			4,300	4,300
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31

Accounts Payable
Date	Explanation	Ref.	Debit	Credit	Balance
	Balance			7,700	7,700
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31

Salaries Payable
Date	Explanation	Ref.	Debit	Credit	Balance
	Balance			0	0
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31

Unearned Revenue
Date	Explanation	Ref.	Debit	Credit	Balance
	Balance			0	0
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31

Notes Payable
Date	Explanation	Ref.	Debit	Credit	Balance
	Balance			23,500	23,500
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31

Common Stock
Date	Explanation	Ref.	Debit	Credit	Balance
	Balance			4,800	4,800
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31

Dividends
Date	Explanation	Ref.	Debit	Credit	Balance
	Balance		0		0
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31

Service Revenue
Date	Explanation	Ref.	Debit	Credit	Balance
	Balance			0	0
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31

Depreciation Expense - Furniture
Date	Explanation	Ref.	Debit	Credit	Balance
	Balance		0		0
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31

Rent Expense
Date	Explanation	Ref.	Debit	Credit	Balance
	Balance		0		0
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31

Salaries Expense
Date	Explanation	Ref.	Debit	Credit	Balance
	Balance		0		0
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31
Dec. 1Dec. 2Dec. 3Dec. 5Dec. 10Dec. 15Dec. 16Dec. 31

Smart Touch Learning
Adjusted Trial Balance
December 31, 2016
	Balance
Account Title	Debit	Credit
Cash
Accounts Receivable
Prepaid Rent
Furniture
Accumulated Depreciation--Furniture
Accounts Payable
Salaries Payable
Notes Payable
Common Stock
Dividends
Service Revenue
Depreciation Expense--Furniture
Rent Expense
Salaries Expense
Total

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