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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 Adjusted Trial Balance Unadjusted Trial Balance Adjustments Account Debit Credit Debit Credit Debit Names Total 43,900 43,900 4,600 4,600 41,900 Total Credit Income Statement Debit Balance Sheet Credit Debit Credit 41,900 11,300 14,600 30,600 27,300 SMART TOUCH LEARNING Worksheet December 31, 2016 Unadjusted Trial Balance Adjustments Account Names Debit Credit Debit Credit Debit Total 52,500 52,500 5,300 5,300 48,100 Total Adjusted Trial Balance Credit Income Statement Debit Balance Sheet Credit Debit Credit 48,100 35,200 31,300 12,900 16,800
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