Activity 4.a - Calculating Net Income/Loss on Income Statement & Balance Sheet/Equity 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 Sheet Adjustments Adjusted Trial Balance Balance Credit Credit Debit Account Names Debit Credit Debit Credit Credit Debit Debit 30,300 14,400 27,000 41,400 53,500 Total 11,100 53,500 9,600 9,600 41,400 30300 Total SMART TOUCH LEARNING Worksheet December 31, 2016 Income Statement Unadjusted Trial Balance Adjustments Adjusted Trial Balance Credit Debit Debit Credit Debit Account Names Credit Debit Credit Debit 33,600 30 000 12,400 16.000 50.300 Total 50,300 5.700 5,700 46,000 Total