On a Work Sheet, the Income Statement Debit Column Equals

question 74

Multiple Choice

On a work sheet, the Income Statement Debit column equals $90,800, and the Income Statement Credit column equals $105,600. From this data, it can be determined that the company had a

• A)net loss of $14,800 added to the Income Statement Debit column.
• B)net income of $14,800 added to the Income Statement Debit column.
• C)net loss of $14,800 added to the Balance Sheet Credit column.
• D)net income of $14,800 added to the Balance Sheet Debit column.
• E)net income of $14,800 added to the Adjusted Trial Balance Credit column.

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