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 Retained Earnings and the Balance Sheet, enter any decreases with a negative sign or parentheses.

SMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016 Balance Account Title Debit Credit Cash 45,710 Accounts Receivable 1,300 Office Supplies 350 Prepaid Insurance 1,050 Furniture 9,100 Accumulated Depreciation - Furniture 100 Salaries Payable 4,600 Unearned Revenue 4,400 Common Stock 35,500 Dividends 4,600 Service Revenue 27,600 7,200 100 350 Salaries Expense Depreciation Expense Furniture Insurance Expense Utilities Expense Rent Expense Supplies Expense Total 380 2,000 60 72,200 72,200