The owner's Capital,Withdrawals,and Income Summary accounts for Harmon Repair Company for the accounting period are presented below in T account form after the recording and posting of closing entries: The amount of withdrawals for the period is
A)$550.
B)$300.
C)$600.
D)$1,500.

Question

The owner's Capital,Withdrawals,and Income Summary accounts for Harmon Repair Company for the accounting period are presented below in T account form after the recording and posting of closing entries:  The amount of withdrawals for the period is
A)$550. 
B)$300. 
C)$600. 
D)$1,500.

Quizplus · Accepted Answer

The Answer of The owner's Capital,Withdrawals,and Income Summary accounts for Harmon Repair Company for the accounting period are presented below in T account form after the recording and posting of closing entries:  The amount of withdrawals for the period is
A)$550. 
B)$300. 
C)$600. 
D)$1,500.

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