Question
The Income Summary and Linda Carter, Capital accounts for Carter Production Company at the end of its accounting period follow. Income Summary Account No. 399
The Income Summary and Linda Carter, Capital accounts for Carter Production Company at the end of its accounting period follow.
Income Summary Account No. 399 Balance Date Description Debit Credit Debit Credit 2019 Dec. 31 Closing 65,600 65,600 31 Closing 35,200 30,400 31 Closing 30,400 0
Linda Carter, Capital Account No. 301 Balance Date Description Debit Credit Debit Credit 2019 Dec.1 113,000 113,000 31 Closing 30,400 143,400 31 Closing 10,300 133,100
Enter the following amounts.
1.Total revenue for the period is2.Total expenses for the period are3.Net income for the period is4.Owner's withdrawals for the period are
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