The income statement columns in the worksheet show that debits are equal to $55,800 and credits are $62,705. What does this information mean to the accountant? Answer a. The accounts are out of balance, indicating an error has been made. b. Net income of $6,905 c. Net loss of $6,905 d. The accounts have not been updated. .

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The income statement columns in the worksheet show that debits are equal to $55,800 and credits are $62,705. What does this information mean to the accountant? Answer a. The accounts are out of balance, indicating an error has been made. b. Net income of $6,905 c. Net loss of $6,905 d. The accounts have not been updated. .

s

This means: c. Net loss of $6,905

Expert answered|andrewpallarca|Points 14535|

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Asked 9/20/2012 12:59:24 PM

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