The Income Summary and Linda Carter, Capital accounts for Carter Production Company at the end of its accounting period follow. Income SummaryAccount No. 399 BalanceDateDescriptionDebitCreditDebitCredit2019 Dec. 31Closing 63,600 63,60031Closing34,200 29,40031Closing29,400 0 Linda Carter, CapitalAccount No. 301 BalanceDateDescriptionDebitCreditDebitCredit2019 Dec. 1 103,000 103,00031Closing 29,400 132,40031Closing9,300 123,100 Enter the following amounts. 1.Total revenue for the period is 2.Total expenses for the period are 3.Net income for the period is 4.Owner’s withdrawals for the period are

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Description: The Income Summary and Linda Carter, Capital accounts for Carter Production Company at the end of its accounting period follow. Income SummaryAccount No. 399 BalanceDateDescriptionDebitCreditDebitCredit2019 Dec. 31Closing 63,600 63,60031Closing34

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FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

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Chapter1: Financial Statements And Business Decisions

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The Income Summary and Linda Carter, Capital accounts for Carter Production Company at the end of its accounting period follow.

Income Summary	Account No. 399
	Balance
Date	Description	Debit	Credit	Debit	Credit
2019
Dec. 31	Closing		63,600		63,600
31	Closing	34,200			29,400
31	Closing	29,400			0

Linda Carter, Capital	Account No. 301
	Balance
Date	Description	Debit	Credit	Debit	Credit
2019
Dec. 1			103,000		103,000
31	Closing		29,400		132,400
31	Closing	9,300			123,100

Enter the following amounts.


1.	Total revenue for the period is
2.	Total expenses for the period are
3.	Net income for the period is
4.	Owner’s withdrawals for the period are

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