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

Question 53

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 total amount of expenses for the period is A) $500. B) $700. C) $400. D) $100. The total amount of expenses for the period is


A) $500.
B) $700.
C) $400.
D) $100.

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