Prepare the Unadjusted Trial Balance for Smart Touch Learning as of December 31, 2016. Enter accounts in order of assets, liabilities, common stock, dividends, revenues, and expenses. Assume all accounts have normal balances.

Account Balance
Accounts Receivable 600
Cash 43,410
Common Stock 39,100
Dividends 3,600
Furniture 12,400
Office Supplies 510
Prepaid Insurance 1,900
Rent Expense 1,200
Salaries Expense 2,000
Service Revenue 23,200
Unearned Revenue 3,700
Utilities Expense 380

Please see the attached excel file for the un-adjusted trial balance.

Explanation: Trial balance is a worksheet that comprises the balances in the account / ledgers balance in debits and credits form, in such a way that all the amounts total zero. The major checker to the trial balance is to ensure that the total amounts equal zero. If there is a difference, it is an indication of imbalance in the trial balance and calls for investigation.

In this scenario, the accounts have been appropriately classified into debit and credit with columns that comprise the normal balance and the account classification.

Please note that dividends was treated as dividend paid (expense) though it was expected to either be dividend payable or dividend income.

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