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 65,800 65,800
31 Closing 35,300 30,500
31 Closing 30,500 0
Linda Carter, Capital Account No. 301 Balance
Date Description Debit Credit Debit Credit
2019
Dec. 1 114,000 114,000
31 Closing 30,500 144,500
31 Closing 10,500 134,100
Enter the following amounts
1. Total revenue for the period is
2. Total expenses for the period are
Net income for the period is
4. Owner's withdrawals for the period are
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