The Income Statement and Balance Sheet columns of a work sheet are produced below. Indicate with...

 

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The Income Statement and Balance Sheet columns of a work sheet are produced below. Indicate with an "X" the specific Income Statement or Balance Sheet column(s) in which each amount transferred irom the Adjusted Trial Balance columns should be placed, if at all and select "NE" for No effect. Income Balance Sheet Statement Account Title Debit Credit Debit Credit 1. Assets Contra-Asset 3. 2. Liablities Owner, Capital Owner, Drawing Revenue 4. 5. 6. 7. Expense 8. Net Income 9. Net Loss The Income Statement and Balance Sheet columns of a work sheet are produced below. Indicate with an "X" the specific Income Statement or Balance Sheet column(s) in which each amount transferred irom the Adjusted Trial Balance columns should be placed, if at all and select "NE" for No effect. Income Balance Sheet Statement Account Title Debit Credit Debit Credit 1. Assets Contra-Asset 3. 2. Liablities Owner, Capital Owner, Drawing Revenue 4. 5. 6. 7. Expense 8. Net Income 9. Net Loss

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