answers to 1,2,3

True [B] False . . 44. The Income Summary account appears in the income statement. [A] True ...Bi False The owner's Withdrawals account bypasses the Income Summary account when it is being closed. True .. . [B] False Excelei The capita), withdrawals, and Income Summary, accounts for Baker! Repair Shop for the accounting period are presented below in T account form after recording and posting of closing entries, :: ... * Baker, Capital . 12/31 400 1/1: B00 12/313001 : Baker Withdrawals 3/1 100 12/31 300... 71.100. - D . 100 . .. Inicode Suimary . . 1.000. .. 12/31 ..: 12/31 600 12/31 400 The amount of l'evenue earned for the period was a. $400. :b. $600. . . C. $1,000. d. none of the above. .. . The amount: consider the information given in Problem of net income (or net loss) for the period was a $400 net loss... 1.b. $600.net income. Cr $400 net income. 1 d. none of the above. 3. The anant of withdrefults FOR THE PERIOD was a. 100 b. 200 c. 300