A partial worksheet for Aaron Adjusters is presented below. Solve for the missing information. J K L M 33 34 35 \( 61,400 (g) (d) \) 22,400 (b) (e) (a) (f) Debit Credit Debit Credit Income Statement Balance Sheet Net (c) Total $ 61,400.

Total credit in income statement is calculated as follows:

$\begin{array}{c}\mathbf{Total}\mathbf{}\mathbf{Credit}\mathbf{=}\mathbf{Total}\mathbf{}\mathbf{Debit}-\mathbf{Net}\mathbf{}\mathbf{Loss}\\ \mathbf{=}\mathbf{\$}\mathbf{22}\mathbf{,}\mathbf{400}-\mathbf{\$}\mathbf{5}\mathbf{,}\mathbf{300}\\ \mathbf{=}\mathbf{\$}\mathbf{17}\mathbf{,}\mathbf{100}\end{array}$

In the income statement, total credits (revenues) are lower than total debits (expenses), hence it will result in net loss.

Net loss is transferred to the retained earnings, hence in the worksheet it will be posted under debit side under balance sheet section.

In the income statement, total debit balance will remain the same as $22,400, as there will be no adjustment in this side.

In the income statement, total credit balance will be equal to the total debit balance which is $22,400.

In the balance sheet, total debit balance will be equal to the total credit balance which is $61,400.

Total debit without net loss is calculated as follows:

$\begin{array}{c}\mathbf{Total}\mathbf{}\mathbf{Debits}\mathbf{}\mathbf{Without}\mathbf{}\mathbf{Net}\mathbf{}\mathbf{Loss}\mathbf{=}\mathbf{Total}\mathbf{}\mathbf{Debit}-\mathbf{Net}\mathbf{}\mathbf{Loss}\\ \mathbf{=}\mathbf{\$}\mathbf{61}\mathbf{,}\mathbf{400}-\mathbf{\$}\mathbf{5}\mathbf{,}\mathbf{300}\\ \mathbf{=}\mathbf{\$}\mathbf{56}\mathbf{,}\mathbf{100}\end{array}$