Which of the following statements regarding the end-of-period spreadsheet is true? a. The Adjustments columns need not be totaled. b. The difference in the totals of the Adjustments columns indicates the net O income or loss for the period. c. Amounts are read across a row and added or subtracted to determine the amounts to insert in the Adjusted Trial Balance columns. d. Closing entries are entered in the Adjustments columns.

Which of the following statements regarding the end-of-period spreadsheet is true? a. The Adjustments columns need not be totaled. b. The difference in the totals of the Adjustments columns indicates the net income or loss for the period. c. Amounts are read across a row and added or subtracted to determine the amounts to insert in the Adjusted Trial Balance columns. d. Closing entries are entered in the Adjustments columns