Business, 12.03.2021 15:00 paigefields2578
After all of the account balances have been extended to the Balance Sheet columns of the work sheet, the totals of the debit and credit columns show debits of $37,686 and the credits of $41,101. This indicates that
the amounts are out of balance and need to be corrected
the company has a net income of $3,415 for the period
the company has a net loss of $3,415 for the period
neither net income or loss can be calculated because it is found on the income statement
Answers: 3
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After all of the account balances have been extended to the Balance Sheet columns of the work sheet,...
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