of various columns from the work sheet are shown below. What is the net income or loss?
$$\begin{array} { | l | l | l | l | }
\hline \text { Income Statement } & & \text { Balance Sheet } & \
\hline \text { Debit } & \text { Credit } & \text { Debit } & \text { Credit } \
\hline \$ 8,500 & \$ 6,750 & \$ 4,300 & \$ 6,050 \
\hline
\end{array}$$
A) Net loss of $4,300
B) Net income of $4,300
C) Net income of $1,750
D) Net loss of $1,750

Question

of various columns from the work sheet are shown below. What is the net income or loss?
$$\begin{array} { | l | l | l | l | } 
\hline \text { Income Statement } & & \text { Balance Sheet } & \
\hline \text { Debit } & \text { Credit } & \text { Debit } & \text { Credit } \
\hline \$ 8,500 & \$ 6,750 & \$ 4,300 & \$ 6,050 \
\hline
\end{array}$$
A) Net loss of $4,300
B) Net income of $4,300
C) Net income of $1,750
D) Net loss of $1,750

Quizplus · Accepted Answer

The Answer of of various columns from the work sheet are shown below. What is the net income or loss?
$$\begin{array} { | l | l | l | l | } 
\hline \text { Income Statement } & & \text { Balance Sheet } & \
\hline \text { Debit } & \text { Credit } & \text { Debit } & \text { Credit } \
\hline \$ 8,500 & \$ 6,750 & \$ 4,300 & \$ 6,050 \
\hline
\end{array}$$
A) Net loss of $4,300
B) Net income of $4,300
C) Net income of $1,750
D) Net loss of $1,750

Of Various Columns from the Work Sheet Are Shown Below