1. Which of the following statements relating to the preparation of the year-end worksheet for Waren Sports Supply (SUA) is false?

The amounts entered in the unadjusted trial balance columns are the totals from each of the general ledger accounts prior to adjustments.

The amounts entered in the adjustments columns are taken directly from the general journal.

"The amounts entered in the income statement columns are the closing entries for each income statement account, with the residual equaling net income for the year."

Debit columns represent increases to each account, while credit columns represent decreases to each account.

Amounts computed for the Balance Sheet columns are the same amounts that will used for the year-end balance sheet.