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The following information is available from the adjusted trial balance of the Harris Vacation Rental Agency. After closing entries are posted, what will be the

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The following information is available from the adjusted trial balance of the Harris Vacation Rental Agency. After closing entries are posted, what will be the balance in the Sue Harris, Capital account? $ 205,000 98.400 131,200 24,600 Total revenues Total expenses Sue Harris, Capital Sue Harris, Withdrawals $213,200 $98.400 $131,200 $106,600. $237,800 On December 31, Winters Company received a $385 bill for the purchase of supplies in December that it will not pay for until january 15, Winters follows a policy of recording al prepaid expenses to asset accounts at the time of cash payment. The adjusting entry needed on December 31 to accrue this costis Debit Supplies Expense 5385 credit Supplies 5385 Debit Accounts Payable 5385 Credit Supplies 5385 Debit Accounts Payable $385, credit Cash $385. Debit Supplies $385, credit Accounts Payable 3385 Debit Supplies Expense $385, credit Cash 385

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