If the Balance Sheet and Statement of Retained Earnings columns of a work sheet fail to balance when the net income is added to the Balance Sheet and Statement of Retained Earnings Credit column, the cause could be:
A. An expense entered in the Balance Sheet and Statement of Retained Earnings Debit column.
B. A revenue entered in the Balance Sheet and Statement of Retained Earnings Credit column.
C. A liability amount entered in the Income Statement and Statement of Retained Earnings Credit column.
D. An asset amount entered in the Income Statement and Statement of Retained Earnings Debit column.
E. An expense entered in the Balance Sheet and Statement of Retained Earnings Credit column.
Answer: E
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