Why is the amount of the Income obtained from the Income statement extended to the balance sheet credit columns?

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter14: Adjustments And The Work Sheet For A Merchandising Business
Section: Chapter Questions
Problem 7RQ
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Why is the amount of the Income obtained from the Income statement extended to the balance sheet credit columns?
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