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

Question 104

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 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 Bill Harmon,Capital balance on 1/1 was A) $300. B) $800. C) $700. D) $1,500. The Bill Harmon,Capital balance on 1/1 was


A) $300.
B) $800.
C) $700.
D) $1,500.

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