The Income Statement Columns on a Worksheet Have Subtotals as Follows

Multiple Choice

The income statement columns on a worksheet have subtotals as follows: debit column, $9,500, and credit column, $9,000. This indicates that

A) the company incurred a net loss of $500.
B) the company earned a net income of $500.
C) there was an error in the adjustments columns.
D) there was an error in the income statement columns.