SMART TOUCH LEARNING
Worksheet
December 31, 2016
	Unadjusted Trial Balance			Adjustments			Adjusted Trial Balance		Income Statement		Balance Sheet
Account Names	Debit	Credit		Debit	Credit		Debit	Credit	Debit	Credit	Debit	Credit
Cash	14,900						14,900
Accounts Receivable	1,900		(f)	1,000			2,900
Office Supplies	400				100	(b)	300
Prepaid Rent	2,900				300	(a)	2,600
Furniture	20,000						20,000
Accumulated Depreciation - Furniture					900	(c)		900
Accounts Payable		100						100
Salaries Payable					1,300	(d)		1,300
Interest Payable					400	(e)		400
Unearned Revenue		500	(h)	100				400
Notes Payable		19,600						19,600
Common Stock		22,800						22,800
Dividends	7,800						7,800
Service Revenue		10,300			1,000	(f)		11,400
					100	(h)
Rent Expense	1,900		(a)	300			2,200
Salaries Expense	3,500		(d)	1,300			4,800
Supplies Expense			(b)	100			100
Depreciation Expense - Furniture			(c)	900			900
Interest Expense			(e)	400			400
Total	53,300	53,300		4,100	4,100		56,900	56,900

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 Names	Debit	Credit		Debit	Credit		Debit	Credit	Debit	Credit	Debit	Credit
Total	45,100	45,100		5,300	5,300		58,600	58,600	15,800	20,500	42,800	38,100
								Net IncomeNet Loss
Total

SMART TOUCH LEARNING
Worksheet
December 31, 2016
	Unadjusted Trial Balance			Adjustments			Adjusted Trial Balance		Income Statement		Balance Sheet
Account Names	Debit	Credit		Debit	Credit		Debit	Credit	Debit	Credit	Debit	Credit
Total	43,300	43,300		4,300	4,300		54,800	54,800	40,100	35,700	14,700	19,100
								Net IncomeNet Loss