The Income Summary and Levi Simmons, Capital accounts for Simmons Production Company at the end of its
Question:
Complete the following statements:
1. Total revenue for the period is _________________.
2. Total expenses for the period are _________________.
3. Net income for the period is _________________.
4. Owners withdrawals for the period are_________________.
Transcribed Image Text:
ACCOUNT Income SummaryACCOUNT NO. 399 BALANCE POST DATE DESCRIPTION DEBIT CREDIT DEBIT CAEDIT 2016 31 Closing 31 Closing 31 Closing J431100 00 34 J4 35900 o0 67 000 00 δ7:01010: 00 31 100 00 ACCOUNT_Levi Simmons, Capital ACCOUNT NO. 301 BALANCE DATE DESCRIPTION E 2016 Dec1 DEBIT CREDIT 31 1200 0 0 00 31 1 00 00 120 000 00 151 100 00 140 100 00 31 Closing 34 31 Closing J4 11000 00
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Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
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