Question 19 3 pts For each transaction recorded in an accounting system, which of the following must be true? Total Debits - Total Credits O Revenues - expenses Retained earnings. O Assets Liabilities - Owners' equity O Net income on the income statement - Cash on the balance sheet. Question 20 3 pts Common, Inc. reported the following on its financial statements at year-end 2019: Sales revenue $15,800 Accounts receivable $1,300 Allowance for uncollectible accounts $300 Bad debt expense $350 Cost of goods sold $9,460 The amount of gross profit on Common's 2019 income statement would be $15,450 $15,800 O $6,040 O $6,340