The owner's Capital, Withdrawals, and Income Summary accounts for Laurel Repair Company for the accounting period are presented below in T account form after the recording and posting of closing entries: The total amount of revenue earned for the period is
A) $900.
B) $500.
C) $400.
D) $200.

Question

The owner's Capital, Withdrawals, and Income Summary accounts for Laurel Repair Company for the accounting period are presented below in T account form after the recording and posting of closing entries:  The total amount of revenue earned for the period is
A) $900. 
B) $500. 
C) $400. 
D) $200.

Quizplus · Accepted Answer

The Answer of The owner's Capital, Withdrawals, and Income Summary accounts for Laurel Repair Company for the accounting period are presented below in T account form after the recording and posting of closing entries:  The total amount of revenue earned for the period is
A) $900. 
B) $500. 
C) $400. 
D) $200.

The Owner's Capital, Withdrawals, and Income Summary Accounts for Laurel