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Use the following account balances from the adjusted trial balance of Gees Catering: Account Debit Balance Credit Balance Cash 10,000 Accounts payable 2,000 R. Gees,

Use the following account balances from the adjusted trial balance of Gees Catering:

 

AccountDebit BalanceCredit Balance
Cash10,000 
Accounts payable 2,000
R. Gees, Capital 18,000
R. Gees, Drawing1,000 
Fees revenue 10,000
Salary expense7,000 
Rent expense6,000 
Supplies expense6,000 

 

Select the correct closing entry that Gees Catering would make to close the owner's withdrawal account at the end of the accounting period.

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