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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 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Names Total 44.000 44,000 5,000 5,000 50.600 50.600 13.600 17,700 37,000 12.900 Net income Total Net Loss SMART TOUCH LEARNING Worksheet December 31, 2016 Unadjusted Trial Adjustments Adjusted Trial Balance Income Statement Balance Sheet Balance Account Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Names Total 47.200 47,200 5400 5.400 54.600 54.600 30.900 35.500 14.700 19.100 Total

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 Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Names Total 44.000 44,000 5,000 5,000 50.600 50.600 13.600 17,700 37,000 12.900 Net income Total Net Loss SMART TOUCH LEARNING Worksheet December 31, 2016 Unadjusted Trial Adjustments Adjusted Trial Balance Income Statement Balance Sheet Balance Account Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Names Total 47.200 47,200 5400 5.400 54.600 54.600 30.900 35.500 14.700 19.100 Total

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 Unadjusted Trial Adjustments Adjusted Trial Balance Income Statement Balance Sheet Balance Account Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Names Total 44.000 44,000 5,000 5,000 50.600 50.600 13,600 17.700 37,000 32.900 Net Income Total Net Loss SMART TOUCH LEARNING Worksheet December 31, 2016 Unadjusted Trial Adjustments Adjusted Trial Balance Income Statement Balance Sheet Balance Account Names Debit Credit Dehit Credit Debir Credit Debit Credit Debit Credit Total 47.200 47,200 3400 5.400 54.600 54.600 39.900 35.500 14,700 19.100 Total
Transcribed Image Text: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 Adjustments Adjusted Trial Balance Income Statement Balance Sheet Balance Account Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Names Total 44.000 44,000 5,000 5,000 50.600 50.600 13,600 17.700 37,000 32.900 Net Income Total Net Loss SMART TOUCH LEARNING Worksheet December 31, 2016 Unadjusted Trial Adjustments Adjusted Trial Balance Income Statement Balance Sheet Balance Account Names Debit Credit Dehit Credit Debir Credit Debit Credit Debit Credit Total 47.200 47,200 3400 5.400 54.600 54.600 39.900 35.500 14,700 19.100 Total
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