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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

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 $ 5,500
Wilson Peters, Withdrawals 7,700
Revenue 22,000
Rent expense 2,200
Salaries expense 5,250
Insurance expense 245
Depr. Expense-equipment 340
Accum depr.-equipment 1,020

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