Business, 14.04.2020 19:32, marelinatalia2000
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 64,800 64,800
31 Closing 34,800 30,000
31 Closing 30,000 0
Linda Carter, Capital Account No. 301 Balance
Date Description Debit Credit Debit Credit
2019
Dec. 1 109,000 109,000
31 Closing 30,000 139,000
31 Closing 9,900 129,100
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 .
Answers: 2
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