Use the following T accounts to answer the questions.Income SummaryA. C. Marker, WithdrawalsA. C. Marker, Capital9,39911,1893,24013,20023.What was the total revenue for the period?...BIUABCPath:24.What were the total expenses?BIU ABg E E = E-E E A- aby-Path Path:25.What was the net income or net loss for the period?B IU ABEEE E-E E A - abz -Path:26.What is the balance of the capital account after the closing entries are posted?BIU ABEEA- b -Path:

Ans to Q 23 The revenue for the period is 11189 as in income summary 11189 is…

Use the following T accounts to answer the questions. Income Summary A. C. Marker. Withdrawals A. C. Marker, Capital 9,399 11,189 3,240 13.200 B. What was the total revenue for the period? в г U ABC

Use the following T accounts to answer the questions. Income Summary A. C. Marker. Withdrawals A. C. Marker, Capital 9,399 11,189 3,240 13.200 B. What was the total revenue for the period? в г U ABC

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 31MC: Which of the following pairs increase with credit entries? A. supplies and retained earnings B. rent...

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Path:
25.
What was the net income or net loss for the period?
B IU ABE
EE E-E E A - abz -
Path:
26.
What is the balance of the capital account after the closing entries are posted?
BIU ABE
EA- b -
Path:

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