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To prepare financial statements, Eddie Howard s bookkeeper prepared a trial balance of the accounts at December 3 1 , 2 0 2 3 .
To prepare financial statements, Eddie Howards bookkeeper prepared a trial balance of the accounts at December Following is a summary of the trial balance.
Eddie Howard
Trial Balance
December
Debit Credit
Total of asset accounts $
Total of liability accounts $
Eddie Howard, Capital
Total of revenue accounts
Total of expense accounts
$ $
Based on the trial balance, how much was Eddie Howards net income on the income statement and how much was Eddie Howards Capital on the balance sheet?
Select one:
a Net income: $; Capital: $
b Net income: $; Capital: $
c Net income: $; Capital: $
d Net income: $; Capital: $
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