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ask the following questions below ARC Company recorded the below closing entries at the end of the year 2019: General Journal Date Accounts Ref. Debit

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ask the following questions below

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ARC Company recorded the below closing entries at the end of the year 2019: General Journal Date Accounts Ref. Debit Credit 2019 Revenues Dec. 31 Income Summary ??? Dec. 31 Income Summary 3,150 Expenses ??? Dec. 31 Income Summary ??? Owner's Capital Dec. 31 Owner's Capital 4,500 Owner's Drawings 4,500 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 $10,600 Supplies 1,000 Equipment 15,500 Accumulated Depreciation $3,000 Accounts Payable 6,500 Unearned Revenue 2,200 Owner's Capital ??? Total $272 The Owner's Capital account balance at the beginning of the year was $14,450.What is the total credit amount of the post-closing trial balance? * C) $11.?oo C) $15.4oo Q $211M 0 None of the above What is the amount of the Owner's Capital account after the closing entries [in the post-closing trial balance]? * O $14.45o Q $15.4oo C) $211M 0 None of the above 1What is the balance of income summary recorded by the company? {the amount of the third closing entry] * 0 None of the above What is the amount of the company's Expenses in the closing entry? * O 33.15:] C) sateen O 35.45:] 0 None of the above What is the amount of the company's Revenues in the closing entrv? 1" Q $2.2m: C) $2.3M 0 $3.5M 0 None of the above

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