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Award: 0 out of 8.00 points A company's ledger accounts and their end-of-period balances before closing entries are posted are shown below. What amount will
Award: 0 out of 8.00 points 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 Retained Earnings in the process of closing the Income Summary account? (Assume all accounts have normal balances.) Retained Earnings Dividends Revenue Rent expense Salaries expense Insurance expense Depr. Expense-equipment Accum depr-equipment $ 5,500 7700 22,000 2,200 5,250 245 340 1020 $13.965 credit $14,985 credit $6,265 credit $13,965 debit O $6,265 debit
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