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A company's worksheet for the month of March showed the following totals in the Income Statement Section: total debits of $11,000; and total credits of

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A company's worksheet for the month of March showed the following totals in the Income Statement Section: total debits of $11,000; and total credits of $8,000. These totals can be used to determine that: Click the answer you think is right. net loss equals $19,000 net income equals $3,000 net income equals $19,000 net loss equals $3,000 Type your answer in the box. On November 1, a company bought supplies for $200. The $200 was debited to the Supplies account. An Inventory of supplies at the end of November showed that items costing $50 were on hand. The necessary adjustment will include a credit to the I account in the amount of $ (omit $/cents)

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