Part A Build the unadjusted trial balance columns from the given information. Only input amounts for accounts with balances and do not enter 0s for blank cells.
Part B Build the adjustments columns from the transaction list and total the columns.
Part C Enter each account balance in the appropriate financial statement column.
Part D 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. 
Accounts Payable 200 SMART TOUCH LEARNING Worksheet December 31, 2016 Accounts Receivable 18,000 2,300 Cash Unadjusted Trial Balance Bright, Capital Account Nam Debit Credit Bright, Withdrawals Cash Furniture 3,500 Accounts Receivable Notes Payable 23,700 Office Supplies Office Supplies 24,200 Prepaid Rent Prepaid Rent 9,500 Furniture Rent Expense 2,300 Accumulated Depreciation - Furniture Salaries Expense 4,200 Accounts Payable Service Revenue 27,500 Salaries Payable Unearned Revenue 12.400 Interest Payable Unearned Revenue Notes Payable Bright Capital Bright Withdra Service Revenue Rent Experise Salaries Expense Supplies Expense Depreciation Expense - Furniture Interest Expense SMART TOUCH LEARNING Worksheet December 31, 2016 Unadjusted Trial Balance Adjustments Account Names Debit Credit Debit Credit Cash 12,900 Accounts Receivable 1,600 Office Supplies 400 Prepaid Rent 2,500 Furniture 17.400 Accumulated Depreciation - Furniture Accounts Payable Salaries Payable Interest Payable Unearned Revenue 500 Notes Payable 16,900 19,700 Bright, Capital 6,700 Bright, Withdrawals 8,900 Service Revenue 1,600 Rent Expense 3,000 Salaries Expense Supplies Expense Depreciation Expense - Furniture Interest Expense 46,100 46,100 Total SMART TOUCH LEARNING Worksheet December 31, 2016 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Debit Credit Debit Credit Debit Credit 8 Credit Cash 12,800 12,800 Accounts Receivable 1,600 0 2,300 Office Supplies 400 Prepaid Rent 2,500 Furniture 17.300 Accumulated Depreciation Furniture Accounts Payable Salaries Payable 3,000 UUU Interest Payable Unearned Revenue 5000 200 Notes Payable 16.900 Bright Capital 19,600 Bright Withdrawals 6,700 Service Revenue 1,300 2,300 200 W Rent Expense Salaries Expense Supplies Expense Depreciation Expense Furniture Interest Expense Total 9.200 For each scenario, calculate the net income/loss, identify if it is net income or loss, and finalize the totals for the income Balance Sheet columns. SMART TOUCH LEARNING Worksheet December 31, 2016 Unadjusted Trial Adjustments Adjusted Trial Balance Income Statem Balance Sheet Names Credit Debt Credit Debit Total 46.000 6.000 SMART TOUCH LEARNING Worksheet December 31, 2016 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Balance that Debit De Credit Credit Debit De Credit 1,100 ,100 1,700 8700 51,900 Accounts Payable 200 SMART TOUCH LEARNING Worksheet December 31, 2016 Accounts Receivable 18,000 2,300 Cash Unadjusted Trial Balance Bright, Capital Account Nam Debit Credit Bright, Withdrawals Cash Furniture 3,500 Accounts Receivable Notes Payable 23,700 Office Supplies Office Supplies 24,200 Prepaid Rent Prepaid Rent 9,500 Furniture Rent Expense 2,300 Accumulated Depreciation - Furniture Salaries Expense 4,200 Accounts Payable Service Revenue 27,500 Salaries Payable Unearned Revenue 12.400 Interest Payable Unearned Revenue Notes Payable Bright Capital Bright Withdra Service Revenue Rent Experise Salaries Expense Supplies Expense Depreciation Expense - Furniture Interest Expense SMART TOUCH LEARNING Worksheet December 31, 2016 Unadjusted Trial Balance Adjustments Account Names Debit Credit Debit Credit Cash 12,900 Accounts Receivable 1,600 Office Supplies 400 Prepaid Rent 2,500 Furniture 17.400 Accumulated Depreciation - Furniture Accounts Payable Salaries Payable Interest Payable Unearned Revenue 500 Notes Payable 16,900 19,700 Bright, Capital 6,700 Bright, Withdrawals 8,900 Service Revenue 1,600 Rent Expense 3,000 Salaries Expense Supplies Expense Depreciation Expense - Furniture Interest Expense 46,100 46,100 Total SMART TOUCH LEARNING Worksheet December 31, 2016 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Debit Credit Debit Credit Debit Credit 8 Credit Cash 12,800 12,800 Accounts Receivable 1,600 0 2,300 Office Supplies 400 Prepaid Rent 2,500 Furniture 17.300 Accumulated Depreciation Furniture Accounts Payable Salaries Payable 3,000 UUU Interest Payable Unearned Revenue 5000 200 Notes Payable 16.900 Bright Capital 19,600 Bright Withdrawals 6,700 Service Revenue 1,300 2,300 200 W Rent Expense Salaries Expense Supplies Expense Depreciation Expense Furniture Interest Expense Total 9.200 For each scenario, calculate the net income/loss, identify if it is net income or loss, and finalize the totals for the income Balance Sheet columns. SMART TOUCH LEARNING Worksheet December 31, 2016 Unadjusted Trial Adjustments Adjusted Trial Balance Income Statem Balance Sheet Names Credit Debt Credit Debit Total 46.000 6.000 SMART TOUCH LEARNING Worksheet December 31, 2016 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Balance that Debit De Credit Credit Debit De Credit 1,100 ,100 1,700 8700 51,900
