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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
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