A306..H323 3. WHEN A PROFIT IS INDICATED ON THE WORKSHEET WHICH COLUMN OF THE INCOME STATEMENT REFLECTS THAT PROFIT AND WHICH COLUMN OF THE BALANCE SHEET REFLECTS THE OFFSETTING ENTRY? 1A. 1B. INCOME STATE. DR. COL. BAL. SHEET CR. COL. INCOME STATE. CR. COL. BAL. SHEET DR. COL. NONE OF THE ABOVE 16. 44. WHAT CLOSING ENTRY ACCOUNT IS USED IN THE ADJUSTING ENTRY PROCESS FOR A MERCHANDISE BUSINESS? 1A. 1B. 1C. INCOME SUMMARY OWNER'S EQUITY NONE OF THE ABOVE YO TOM