With the Accrual Basis of Accounting,it Is Appropriate to Recognize

Which of the following statements is correct? A) On the worksheet,the amount of the ending merchandise inventory is shown in the Income Statement Credit column in the account Income Summary and the Balance Sheet Debit column in the account Merchandise Inventory. B) On the worksheet,the totals of the Income Statement columns should equal the totals of the Balance Sheet columns. C) On the worksheet,if debits exceed credits in the Adjusted Trial Balance section,the difference represents a net loss. D) All of these statements are correct.

If an account has a debit balance of $700 in the Trial Balance section of a worksheet and there is a credit entry of $200 in the Adjustments section,the account balance in the Adjusted Trial Balance section of the worksheet is a A) $900 debit. B) $500 debit. C) $500 credit. D) $900 credit.