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ARC Company recorded the below closing entries at the end of the year 2019: Creder 227 722 ??? 1.500 ARC Company recorded the below closing

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ARC Company recorded the below closing entries at the end of the year 2019: Creder 227 722 ??? 1.500 ARC Company recorded the below closing entries at the end of the year 2015 General Journal Date Accounts Ref. Debit 2019 Revenues 777 Dec 31 Income Summary Dec 31 Income Summary 13.800 Expenses Dec. 31 Income Summary > Owner's Capital Dec. 31 Owner's Capital 1.500 Owner's Drawings The post-closing trial balance of the Company at the end of the year is ARC Company Post-Closing Trial Balance December 31, 2019 Debit Credit Cash $12.700 Accounts Receivable 20.000 Prepaid Insurance 15.000 Equipment 35,000 Accumulated Depreciation $14.000 Accounts Payabile 10.000 Notes Payable 9.000 Uneared Revenue Owner's Capital 222 Total $272 36.000 The Owner's Capital account balance at the beginning of the year was $24,000 What is the total credit amount of the post- closing trial balance? * $24,000 $49,000 $82,700 O None of the above What is the amount of the Owner's Capital account after the closing entries (in the post-closing trial balance)? $0 $24,000 $33,700 None of the above What is the balance of income summary recorded by the company? (the amount of the third closing entry) $11,200 $8,200 $9,700 None of the above What is the amount of the company's Expenses in the closing entry? $13,800 $15,000 $25,000 None of the above What is the amount of the company's Revenues in the closing entry? * O $0 $16,000 $25,000 None of the above

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