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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 Unadjusted Trial Balance Income Statement Adjustments Adiusted Trial Balance Balance Sheet Account Names Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Total 46,400 46,400 7,600 7,600 41,100 41,100 11,000 14,300 30,100 26,800 Total SMART TOUCH LEARNING Worksheet December 31, 2016 Unadjusted Trial Balance Income Statement Adiustments Adiusted Trial Balance Balance Sheet Account Names Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Total 51,300 51,300 6,000 6,000 48,800 48,800 35,700 31,800 13,100 17,000 Total
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