In the balance sheet columns of the worksheet, the amount shown in the retained earnings account is generally not the same amount that appears as retained earnings on the balance sheet.

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In the balance sheet columns of the worksheet, the amount shown in the retained earnings account is generally not the same amount that appears as retained earnings on the balance sheet. This is true because the Retained Earnings account balance as extended does not yet reflect the net income or net loss for the current period.

In the Balance Sheet Columns of the Worksheet, the Amount