The income statement and balance sheet columns of Pine Company's worksheet reflects the - 12578

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Request Description

The income statement and balance sheet columns of Pine Company's worksheet reflects the following totals:

Income Statement  Balance Sheet Dr. Cr.  Dr. Cr.Totals  $58,000 $48,000  $34,000 $44,000 To enter the net income (or loss) for the period into the above worksheet requires an entry to the __________.

A.  income statement credit column and the balance sheet debit column

B.  income statement debit column and the balance sheet credit column

C.  income statement debit column and the income statement credit column

D.  balance sheet debit column and the balance sheet credit column

 
Solution Description

The income statement and balance sheet columns of Pine Company's worksheet reflects the following totals: