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

Multiple Choice

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 net income (or net loss) for the period is

A) $300 net income.
B) $900 net income.
C) $600 net income.
D) $300 net loss.