Question: Prepare the Post-Closing Trial Balance for Smart Touch Learning as of December 31, 2016. Enter accounts in order of assets, liabilities, and equity. Assume all
Prepare the Post-Closing Trial Balance for Smart Touch Learning as of December 31, 2016. Enter accounts in order of assets, liabilities, and equity. Assume all accounts have normal balances.
| Account | Balance |
|---|---|
| Accounts Receivable | 1,800 |
| Accumulated Depreciation - Furniture | 400 |
| Cash | 41,820 |
| Common Stock | 32,400 |
| Furniture | 12,400 |
| Office Supplies | 450 |
| Prepaid Insurance | 1,425 |
| Retained Earnings | 15,695 |
| Salaries Payable | 3,900 |
| Unearned Revenue | 5,500 |
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