The Balance Sheet Columns on the Worksheet Prepared for the Villeneuve

Multiple Choice

The Balance Sheet columns on the worksheet prepared for the Villeneuve Company had subtotals as follows debit column, $14,000, and credit column, $14,600. This information indicates that

A) the company incurred a net income of $600.
B) the company incurred a net loss of $600.
C) an error was made when preparing the adjustments in the worksheet.
D) a mathematical error was made in the worksheet.