QUESTION 4 5 points Which of the following is not true? The balances in the Income Statement debit column are expenses. The net income or net loss from the Income Statement columns is entered in the Balance Sheet & Statement of Owner's Equity columns. The difference between the totals of the Income Statement columns is net income or net loss. The balances in the Income Statement credit column are revenues. The balances in the Income Statement credit column are unearned revenues