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

Question 156

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The owner's Capital, Withdrawals, and Income Summary accounts for Rick's Repair Shop for the accounting period are presented below in T account form after the recording and posting of closing entries.
The owner's Capital, Withdrawals, and Income Summary accounts for Rick's Repair Shop for the accounting period are presented below in T account form after the recording and posting of closing entries.    From the T accounts, determine the following:  a. Total revenue for the period b. Net income (or net loss) c. Total withdrawals for the period d. Ending balance of Rick Barton, Capital From the T accounts, determine the following:
a. Total revenue for the period
b. Net income (or net loss)
c. Total withdrawals for the period
d. Ending balance of Rick Barton, Capital

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a. $900
b....

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