count Title Debit Credit $27,340 15,330 9,270 35,900 Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Unearned Rent Revenue Capital Stock Retained Earnings Dividends Commission Revenue Rent Revenue Depreciation Expense Utilities Expense Supplies Expense $7,900 4,480 2,190 23,270 20,500 16,800 62,600 5,300 6,700 9,200 5,700 $126,240 Total $126,240 he president of Evans Company has asked you to close the books (prepare and process the closing entries) equired fter the closing process has been completed, answer the following questions What is the balance in the Retained Earnings account? During the closing process, what amount was transferred from the income summary account to the Retained Earnings account in the third closing entry (i.e., after revenue and expense accounts have been closed to Income Summary)? What is the balance in the supplies expense account? Clear Undo Help