This is the debit and credit side of my income statement and balance sheet. Since it's a loss, should i also put parenthesis on credit total 395,000 to add it to 205,500 and will then balance the debit side?
This is the debit and credit side of my income statement and balance sheet. Since it's a loss, should i also put parenthesis on credit total 395,000 to add it to 205,500 and will then balance the debit side?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
This is the debit and credit side of my income statement and balance sheet . Since it's a loss, should i also put parenthesis on credit total 395,000 to add it to 205,500 and will then balance the debit side?
Transcribed Image Text:vec
29
3 423 50
23
(205500)
24
328650
25
27
28
3.
32
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