Computers and Technology

Which of the following is true regarding the end-of-period spreadsheet? a. closing entries are entered in the adjustments columns. b. the adjustments columns need not be totaled. c. amounts are read across a row and added or subtracted to determine the amounts to insert in the adjusted trial balance columns. d. the difference in the totals of the adjustments columns indicates the net income or loss for the period.

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Which of the following is true regarding the end-of-period spreadsheet? a. closing entries are ente...

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