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After all of the account balances have been extended to the Balance Sheet columns of the work sheet, the totals of the Debit and Credit
After all of the account balances have been extended to the Balance Sheet columns of the work sheet, the totals of the Debit and Credit columns show debits of $30,789 and credits of $37,745. This indicates that a. the company has a net income of $6.956 for the period b. neither net income nor loss can be computed because it is found on the income statement c. the amounts are out of balance and need to be corrected O d. the company has a net loss of $6.956 for the period After all of the account balances have been extended to the Balance Sheet columns of the work sheet, the totals of the Debit and Credit columns shov debits of $30,789 and credits of $37,745, This indicates that 1. the tempany has a net income of $2955 for the period b. Beither bet ineome nor loss can be computed because it is fotnd on the incorre ntatement c. the amountr are out of balance and need to be coirrected d. the cempany has a net less af 36.956 foe the penod
After all of the account balances have been extended to the Balance Sheet columns of the work sheet, the totals of the Debit and Credit columns show debits of $30,789 and credits of $37,745. This indicates that a. the company has a net income of $6.956 for the period b. neither net income nor loss can be computed because it is found on the income statement c. the amounts are out of balance and need to be corrected O d. the company has a net loss of $6.956 for the period
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