Lee Company had the following adjustedtrial balance: Account Titles Debit Credit Cash $24,750 Accounts Receivable 19,800 Supplies 9,020 Equipment 36,700 Accumulated Depreciation $6,500 Accounts Payable 3,140 Unearned Rent Revenue 2,000 Capital 45,130 Drawing 16,300 Commission Revenue 63,600 Rent Revenue 5,500 Depreciation Expense 5,700 Utilities Expense 7,800 Supplies Expense 5,800 Total $125,870 $125,870 The president of Lee Company has asked you to close the books (prepare and process the closing entries). Required: After the closing process has been completed, answer the following questions:

During the closing process, what amount was transferred from theincome summaryaccount to theCapitalaccount in the third closing entry (i.e., after revenue and expense accounts have been closed to Income Summary)? $ What is the balance in the Capital account? What is the balance in the rent revenue account?

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