Use this information to answer the following question. The Retained Earnings,Dividends,and Income Summary accounts for Gula's Repair Corporation for the accounting period are presented below in T account form after the recording and posting of closing entries:
The amount of net income (or net loss) for the period is
A) $900 net income.
B) $600 net income.
C) $300 net loss.
D) $300 net income.
Correct Answer:
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