7 A company's ledger accounts and their end-of-period balances before closing entries are posted are shown below. What a

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7 A Company S Ledger Accounts And Their End Of Period Balances Before Closing Entries Are Posted Are Shown Below What A 1 (24.86 KiB) Viewed 33 times

7 A company's ledger accounts and their end-of-period balances before closing entries are posted are shown below. What amount will be posted to Wilson Peters, Capital in the process of closing the Income Summary account? (Assume all accounts have normal balances.) Wilson Peters, Capital $ 7,000 9,600 Wilson Peters, Withdrawals Revenue 29,000 Rent expense 3,600 Salaries expense 7,200 Insurance expense 920 500 Depr. Expense-equipment Accum depr-equipment 1,500 O $7,180 credit. O $16,780 credit. O $23,780 credit. O $18,280 credit. O $16,780 debit.