Question: Damon Davis was preparing the work sheet for Drano Plumbing Company. He calculated the net income to be ($ 50,000). When he totaled the Balance
Damon Davis was preparing the work sheet for Drano Plumbing Company. He calculated the net income to be \(\$ 50,000\). When he totaled the Balance Sheet columns, the column totals were debit, \(\$ 400,000\); and credit, \(\$ 300,000\). What was the probable cause of this difference? If this was not the cause, what should he do to find the error?
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