5) At the beginning of the year, a company's balance sheet reported the following balances: = $77,250; Total Assets = $140,000; Total Liabilities and Owner's Capital = $62,750. During the year, the company reported revenues of $47,350 and expenses of $30,900. In addition, owner's withdrawals for the year totaled $20,600. Assuming no other changes to owner's capital, the balance in the owner's capital account at the end of the year would be: 67950 99800 4150 58600 66900 6) After preparing and posting the closing entries for revenues and expenses, the income summary account has a debit balance of $20,000. The entry to close the income summary account will be: A) Debit Owner Withdrawals $20,000; credit Income Summary $20,000. B) Debit Income Summary $20,000; credit Owner Withdrawals $20,000. C) Debit Income Summary $20,000; credit Owner Capital $20,000. D) Debit Owner Capital $20,000; credit Income Summary $20,000. E) Debit Owner Withdrawals $20,000; Credit Owner Capital $20,000. 7) A list of all permanent accounts and their balances after all closing entries have been made is a(n): unadjusted trial balance post-closing trial balance general ledger adjusted trial balance work sheet