Finish the worksheet by completing the Income Statement and Balance Sheet columns, calculating Net Income or Net Loss, and identifying if there is a Net Income or Net Loss. Only input amounts for accounts with balances and do not enter zeros for blank cells. SMART TOUCH LEARNING Worksheet December 31, 2016 Unadjusted Trial Adjustments Adjusted Trial Balance Income Statement Balance Sheet Balance Account Names Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 32,200 32,200 32,200 32200

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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in this problem i need help figuring out the ones in red.

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Tue 8:34 PM
Payton Harris Q
Pearson ACT – Accounting Cycle Tutorial Financial
act.pearsoncmg.com/activity/6/3/1
Accounting Cycle Tutorial
Step 6. Prepare the worksneet
3
Financial Statement Columns
Resources/Glossary
? HINT
Activity 3.a - Income Statement and Balance Sheet Columns
ring
Finish the worksheet by completing the Income Statement and Balance Sheet columns, calculating
Net Income or Net Loss, and identifying if there is a Net Income or Net Loss. Only input amounts for
accounts with balances and do not enter zeros for blank cells.
2019
SMART TOUCH LEARNING
Worksheet
December 31, 2016
Unadjusted Trial
uff
Adjustments
Adjusted Trial Balance
Income Statement
Balance Sheet
Balance
Account Names
Debit
Credit
Debit
Credit
Debit
Credit
Debit
Credit
Debit
Credit
Cash
32,200
32,200
32,200
32200
Accounts Receivable
23,000
(f)
500
23,500
23,00
23500
Office Supplies
9,800
200
(b)
9,600
9,800
9600
Prepaid Rent
14,200
600
(a)
13,600
13600
/19
Prepaid Insurance
12,000
4,200
(g)
7,800
7800
Furniture
5,800
5,800
5800
Accumulated Depreciation - Furniture
100
(c)
100
100
Accounts Payable
6,700
6,700
6700
33
APR
20
DOCX
Transcribed Image Text:Chrome File Edit View History Bookmarks Реople Tab Window Help 60% [4) Tue 8:34 PM Payton Harris Q Pearson ACT – Accounting Cycle Tutorial Financial act.pearsoncmg.com/activity/6/3/1 Accounting Cycle Tutorial Step 6. Prepare the worksneet 3 Financial Statement Columns Resources/Glossary ? HINT Activity 3.a - Income Statement and Balance Sheet Columns ring Finish the worksheet by completing the Income Statement and Balance Sheet columns, calculating Net Income or Net Loss, and identifying if there is a Net Income or Net Loss. Only input amounts for accounts with balances and do not enter zeros for blank cells. 2019 SMART TOUCH LEARNING Worksheet December 31, 2016 Unadjusted Trial uff Adjustments Adjusted Trial Balance Income Statement Balance Sheet Balance Account Names Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 32,200 32,200 32,200 32200 Accounts Receivable 23,000 (f) 500 23,500 23,00 23500 Office Supplies 9,800 200 (b) 9,600 9,800 9600 Prepaid Rent 14,200 600 (a) 13,600 13600 /19 Prepaid Insurance 12,000 4,200 (g) 7,800 7800 Furniture 5,800 5,800 5800 Accumulated Depreciation - Furniture 100 (c) 100 100 Accounts Payable 6,700 6,700 6700 33 APR 20 DOCX
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Tue 8:35 PM
Payton Harris Q
Pearson ACT – Accounting Cycle Tutorial Financial
act.pearsoncmg.com/activity/6/3/1
Salaries Payable
700
(d)
700
700
Utilities Payable
100
(e)
100
100
Unearned Revenue
18,600
18,600
18600
Notes Payable
7,400
7,400
7400
ring
Common Stock
43,000
43,000
43000
Dividends
1,800
1,800
1800
Service Revenue
33,900
500
(f)
34,400
34400
2019
Rent Expense
3,200
(a)
600
3,800
3800
Insurance Expense
(g)
4,200
4,200
4200
Salaries Expense
7,600
(d)
700
8,300
8300
uff
Supplies Expense
(b)
200
200
200
Depreciation Expense - Furniture
(c)
100
100
100
Utilities Expense
(e)
100
100
100
Total
109,600
109,600
6,400
6,400
111,000
111,000
34400
76600
76600
Net Income
/19
Total
34400
76600
33
APR
20
DOCX
|
Transcribed Image Text:Chrome File Edit View History Bookmarks Реople Tab Window Help 60% [4) Tue 8:35 PM Payton Harris Q Pearson ACT – Accounting Cycle Tutorial Financial act.pearsoncmg.com/activity/6/3/1 Salaries Payable 700 (d) 700 700 Utilities Payable 100 (e) 100 100 Unearned Revenue 18,600 18,600 18600 Notes Payable 7,400 7,400 7400 ring Common Stock 43,000 43,000 43000 Dividends 1,800 1,800 1800 Service Revenue 33,900 500 (f) 34,400 34400 2019 Rent Expense 3,200 (a) 600 3,800 3800 Insurance Expense (g) 4,200 4,200 4200 Salaries Expense 7,600 (d) 700 8,300 8300 uff Supplies Expense (b) 200 200 200 Depreciation Expense - Furniture (c) 100 100 100 Utilities Expense (e) 100 100 100 Total 109,600 109,600 6,400 6,400 111,000 111,000 34400 76600 76600 Net Income /19 Total 34400 76600 33 APR 20 DOCX |
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