When the End-Of-Period Spreadsheet Is Complete,the Adjustment Columns Should Have

question 22

Multiple Choice

When the end-of-period spreadsheet is complete,the adjustment columns should have

• A) total credits greater than total debits if a net income was earned
• B) total debits greater than total credits if a net loss was incurred
• C) total debits greater than total credits if a net income was earned
• D) total debits are equal to total credits