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The Income Summary and Karen Randall, Capital accounts for Randall Printing Company at the end of its accounting period follow ACCOUNT: Income Summary Debit Date
The Income Summary and Karen Randall, Capital accounts for Randall Printing Company at the end of its accounting period follow ACCOUNT: Income Summary Debit Date Deco 31 31 B1 Description Closing Closing Closing ACCOUNT NO. 399 Balance Credit Debit Credit 53,000 53,000 20, 100 32,900 20,100 ACCOUNT: Karen Randall, Capital Date Dec. Description Debit Credit 1 31 31 ACCOUNT NO. 301 Balance Debit Credit 163,000 183, 100 174,500 Closing Closing 20, 100 8,600 A. What is the total revenue for the period? B. What is the total expenses for the period? C. What is the net income (loss) for the period? D. What is the owner's withdrawals for the period? A. Total revenue B. Total expenses D Owner's withdrawals
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