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The Income Summary and Linda Carter, Capital accounts for Carter Production Company at the end of its accounting period follow. Income Summary Datel Description Debit
The Income Summary and Linda Carter, Capital accounts for Carter Production Company at the end of its accounting period follow. Income Summary Datel Description Debit Account No. 399 Balance Credit Debit Credit 20X1 Dec. 31 Closing 63,400 63,400 31 Closing 34,100 29,300 31 Closing 29,300 Linda Carter, Capital Date Description 20X1 Account No. 301 Balance Debit Credit Debit Credit Dec. 1 31 Closing 102,000 29,300 31 Closing 9,200 Enter the following amounts. 1. Total revenue for the period is 2. Total expenses for the period are 3. Net income for the period is 4. Owner's withdrawals for the period are 102,000 131,300 122,100
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