December 31. 2016 Balance Account Title Cash 36.600 Accounts Recevable Office Su

Question

December 31. 2016 Balance Account Title Cash 36.600 Accounts Recevable Office Supplies Prepaid Insurance Prepaid Rent 7,000 400 12.200 12.200 Furniture 43.000 14,600 19.500 Accounts Payable Salaries Payable Utlities Payable Interes: Payable 2.900 1.400 1,900 36,900 Common Stock 9.300 Retained Earnings 24,900 Total 11.400 111.400 Assets Liabilities Equity Add up all asset account balances and enter the total here D I DOLBY ADVANCED AUDIO | Virtual surroundSound F12 PrtscPa F8 F9 F10 F11 S Lk SysRq

Explanation / Answer

Assets Liabilities Equity Cash          36,600 Accounts receivable            7,000 Office supplies                400 prepaid insurance          12,200 Repaid rent          12,200 Furniture          43,000 Depreciation       (14,600) Accounts Payable      19,500 salary payable         2,900 Utilities payable         1,400 Interest Payable         1,900 Unearned revenue      36,900 Common stock         9,300 Reatined earnings      24,900 Total          96,800      62,600      34,200 Assets Liabilities Equity    96,800           62,600    34,200

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