The balances of the revenue accounts are recorded in the Trial Balance Credit column, the Adjusted Trial Balance Credit column, and the Balance Sheet Credit column of the worksheet.

Question

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Revenue accounts balances are recorded in the Trial Balance Credit column and the Adjusted Trial Balance Credit column, but they are not recorded in the Balance Sheet column of the worksheet; instead, they are included in the Income Statement Credit column. The Balance Sheet reflects assets, liabilities, and equity, not revenue.

The Balances of the Revenue Accounts Are Recorded in the Trial