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 expenses for the period is
A)$200.
B)$400.
C)$900.
D)$500.

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 expenses for the period is
A)$200. 
B)$400. 
C)$900. 
D)$500.

Quizplus · Accepted Answer

Without specific details about the period or the nature of the expenses, it's impossible to accurately determine the total amount of expenses. Therefore, any answer provided would be purely speculative.

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