Question Content Area
After all of the account balances have been extended to the Balance Sheet columns of the end-of-period spreadsheet, the Debit and Credit columns show totals of $34,632 and $39,112, respectively. This indicates that
a. the company has a net loss of $4,480 for the period.
b. the company has revenue of $39,112 for the period.
c. the company has a net income of $4,480 for the period.
d. the amounts are out of balance and need to be corrected.
