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Author Question: On a worksheet, the income statement debit column totals $10,000 and the credit column totals ... (Read 119 times)

madam-professor

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On a worksheet, the income statement debit column totals $10,000 and the credit column totals $9,800. Which of the following statements is CORRECT?
◦ The company's revenues were greater than expenses.
◦ The company had a net income of $200.
◦ The company had a net loss of $200.
◦ None of the above are correct.


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Marked as best answer by madam-professor on Nov 10, 2019

TINA

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madam-professor

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Reply 2 on: Nov 10, 2019
YES! Correct, THANKS for helping me on my review


recede

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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