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During the preparation of the worksheet, the $1,000 balance of the Sam, Withdrawal account was extended as a debit to the income statement columns. This
During the preparation of the worksheet, the $1,000 balance of the Sam, Withdrawal account was extended as a debit to the income statement columns. This error will:
A.
understate net income $2000.
B.
overstate net income $1000.
C.
overstate net income $2000.
D.
understate net income $1000.
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