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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
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 Build the adjustments columns from the transaction list and total the columns. \begin{tabular}{|l|r|r|} \hline Dividends & 6,300 & \\ \hline Service Revenue & & 8,300 \\ \hline Rent Expense & 1,500 & \\ \hline Salaries Expense & 2,800 & \\ \hline Supplies Expense & & \\ \hline Depreciation Expense - Furniture & & \\ \hline Interest Expense & & \\ \hline Total & & \\ \hline \end{tabular}
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