Question

Accountants at Warner Co. use worksheets similar to the one shown in Exhibit 5–13, on page 209. In the company’s most current year-end worksheet, the amounts transferred from the adjusted trial balance columns to the balance sheet and income statement columns are as follows:


What was the company’s net income for the year?
What was the total amount transferred from the adjusted trial balance columns to the debit column of the incomestatement?


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  • CreatedApril 17, 2014
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