After net income is entered on the work sheet, the Balance Sheet debit and credit columns must be the same amount as the total amount of the Income Statement debit and credit columns equal each other be the same amount as the total amount in the Adjusted Trial Balance debit and credit columns not be equal to each other and need not be the same total amounts as any other pair of columns on the work sheet Question 50 (1.67 points) The journal entry to close the Fees Earned, $750, and Rent Revenue, $175, accounts on December 31 st during the closing process would be: Sales Returns and Allowances is a contra-revenue account. True False Question 49 ( 1.67 points) All companies must use a calendar year as their fiscal year. True False