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4 For each scenario, calculate the net income/loss, identify if it is net income or loss, and finalize the totals for the Income Statement and

4 For each scenario, calculate the net income/loss, identify if it is net income or loss, and finalize the totals for the Income Statement and Balance Sheet columns. SMART TOUCH LEARNING Worksheet December 31, 2016 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Account Debit Credit Debit Credit Debit Credit Names Total 46,300 46,300 8,800 8,800 59,800 Total Unadjusted Trial Balance Adjustments 59,800 SMART TOUCH LEARNING Worksheet December 31, 2016 Adjusted Trial Balance Account Names Debit Credit Debit Credit Debit Total 49,400 49,400 8,800 8,800 56,700 Total Credit 56,700 Income Statement Debit 16,100 Balance Sheet Credit Debit Income Statement Debit Credit 20,900 43,700 38,900 Balance Sheet Credit Debit 41,400. 36,900 Credit 15,300 19,800

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