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act.pearsoncmg.com/try-it/6 begin{tabular}{|l|r|} hline Accounts Payable & 400 hline Accounts Receivable & 31,500 hline Cash & 4,100 hline Bright, Capital & 1,200

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed act.pearsoncmg.com/try-it/6 \begin{tabular}{|l|r|} \hline Accounts Payable & 400 \\ \hline Accounts Receivable & 31,500 \\ \hline Cash & 4,100 \\ \hline Bright, Capital & 1,200 \\ \hline Bright, Withdrawals & 1,000 \\ \hline Furniture & 6,200 \\ \hline Notes Payable & 41,400 \\ \hline Office Supplies & 41,800 \\ \hline Prepaid Rent & 16,500 \\ \hline Rent Expense & 4,100 \\ \hline Salaries Expense & 7,400 \\ \hline Service Revenue & 47,900 \\ \hline Unearned Revenue & 21,700 \\ \hline \end{tabular} Build the adjustments columns from the transaction list and total the columns. act.pearsoncmg.com/try-it/6 SMART TOUCH LEARNING Worksheet December 31, 2016 For each scenario, calculate the net income/loss, identify if it is net income or loss, and finalize the totals for the Incom Statement and Balance Sheet columns. You have unlimited attempts but must score 80% in order to move on. act.pearsoncmg.com/try-it/6 act.pearsoncmg.com/try-it/6 \begin{tabular}{|l|r|} \hline Accounts Payable & 400 \\ \hline Accounts Receivable & 31,500 \\ \hline Cash & 4,100 \\ \hline Bright, Capital & 1,200 \\ \hline Bright, Withdrawals & 1,000 \\ \hline Furniture & 6,200 \\ \hline Notes Payable & 41,400 \\ \hline Office Supplies & 41,800 \\ \hline Prepaid Rent & 16,500 \\ \hline Rent Expense & 4,100 \\ \hline Salaries Expense & 7,400 \\ \hline Service Revenue & 47,900 \\ \hline Unearned Revenue & 21,700 \\ \hline \end{tabular} Build the adjustments columns from the transaction list and total the columns. act.pearsoncmg.com/try-it/6 SMART TOUCH LEARNING Worksheet December 31, 2016 For each scenario, calculate the net income/loss, identify if it is net income or loss, and finalize the totals for the Incom Statement and Balance Sheet columns. You have unlimited attempts but must score 80% in order to move on. act.pearsoncmg.com/try-it/6

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