Prepare the financial statements for Smart Touch Learning for the month of December. Remember that the business started operations this month so all beginning balances were 0. For the Statement of Owner's Equity and the Balance Sheet, enter any decreases with a negative sign or parentheses. Smart Touch Learning SMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016 Income Statement Balance Debit Credit Month ended December 31, 2016 Account Title Cash 44,720 Revenues: Accounts Receivable 1,000 Service Revenue 27000 Office Supplies 290 Expenses: Prepaid Insurance 1.050 Salaries Expense 4900 Furniture 12,600 Depreciation Expense Furniti 400 Accumulated Depreciation - Furniture 400 Insurance Expense 350 Salaries Payable 1,300 Utilities Expense 310 Unearned Revenue 4,400 Rent Expense 2000 Miller, Capital 38,200 Supplies Expense 180 3,000 Total Expenses 8140 Service Revenue 27,000 Net Income 18500 Salaries Expense 4,900 Depreciation Expense - Furniture 400 Insurance Expense Smart Touch Leaming 350 Utilities Expense 310 Statement of Owner's Equity Rent Expense 2,000 Month ended December 31, 2016 Supplies Expense 180 Miller. Capital, December 1, 2016 33200 Total 71,300 71,300 Net Income for the month 18860 Owner contribution 57060 Owner with 3500 Miten Capsat December 31, 2016 53560 Smart Touch Learning Balance Sheet 520.00 und Windians 2500 Motor 53560 Smart Touching Balance sheet December 31, 2016 Assets Liabilities Cash 44720 Solarles Payable 1300 Accounts Receivable 1000 Unearned Revenue LOO Office Supplies 290 Tatal abilities 5700 Prepaid Insurance 1050 Furniture 12600 Owner's Equity Less: Accumulated Depreciatio -400 12200 Miller Capital 38200 Total Owner's Equity Total Assets 59260 Total Liabilities and Owner's Equity Type here to search O G 03 2