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 Repair Company