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46. Totals of various columns from the worksheet are shown below. What is net income or loss? Income Statement Balance Sheet Debit Credit Debit Credit
46. Totals of various columns from the worksheet are shown below. What is net income or loss? Income Statement Balance Sheet Debit Credit Debit Credit RM6,800 RM9,500 RM7,400 RM4,700 47. A. Net income of RM4,700 B. Net income of RM2,700 C. Net loss of RM2,700 D. Net loss of RM6,800 Which of the following accounts would appear in the Income Statement debit column? A. Service revenue earned B. Unearned service revenue C. Depreciation expense D. Prepaid insurance
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