E4-23 (similar to) Question Help Smith ace Agency started the year with a beginning capital balance of $2.500. During the year, Smith Insurance Agency camed $40,000 of Service Revenue and incurred $24.500 of various expenses Smith withdrew $6.000 from the business. After the closing entries are recorded and posted, what will be the balance of Smith, Capital Pout the beginning balance and closing entry amounts to the Capital account Use a "Bal" posting reference to show the beginning and ending balance of the Capital court. Use a "C while doing the books. The venue and expense amounts should be combined to one closing only for not income you are closing the income Summary account) " posting reference to show the amounts that are posted