The income statement and statement of financial position columns of Reed Company's worksheet reflect the following totals:
$\begin{array} { l }
&\text { Income Statement }&&\text { Statement of financial position }\
&Dr&Cr&Dr&Cr\
\text {Totals } &\$58,000&\$48,000&\$34,000&\$44,000\
\end{array}$
To enter the net income (or loss) for the period into the above worksheet requires an entry to the

Question

The income statement and statement of financial position columns of Reed Company's worksheet reflect the following totals: 
$\begin{array} { l  }
&\text { Income Statement }&&\text { Statement of financial position }\
&Dr&Cr&Dr&Cr\
 \text {Totals } &\$58,000&\$48,000&\$34,000&\$44,000\
\end{array}$
To enter the net income (or loss) for the period into the above worksheet requires an entry to the

Quizplus · Accepted Answer

The Answer of The income statement and statement of financial position columns of Reed Company's worksheet reflect the following totals: 
$\begin{array} { l  }
&\text { Income Statement }&&\text { Statement of financial position }\
&Dr&Cr&Dr&Cr\
 \text {Totals } &\$58,000&\$48,000&\$34,000&\$44,000\
\end{array}$
To enter the net income (or loss) for the period into the above worksheet requires an entry to the

The Income Statement and Statement of Financial Position Columns of Reed