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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

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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 Sheet columns. SMART TOUCH LEARNING Worksheet December 31, 2016 Adjustments Adjusted Trial Balance Income Statement Unadjusted Trial Balance Debit Credit Debit Credit Debit Credit Debit Credit Account Names Total Balance Sheet Debit Credit 39,800 35,500 42,300 42,300 5,700 5,700 54,500 54,500 14,700 19.000 Total SMART TOUCH LEARNING Worksheet December 31, 2016 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Names Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Total 47,200 47,200 5,600 5,600 56,000 56,000 40,900 36,400 15,100 19,600 Total

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