Assets are classified into current assets, investments, property, plant and equipment, and intangible assets. True or False True False J. Flow, the proprietor of Flow Services, withdrew $8,700 from his business during 2020. These withdrawals will result in which of the following closing entries at the end of 2020? Multiple Choice 8,700 J. Flow, Capital J. Flow, Withdrawals 8.700 8,700 Flow, Capital Salary Expense 8,700 8.700 Flow. Withdrawals J. Flow, Capital 8.700