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What amount will be posted to wilson peters capital

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Reference no: EM132960731

A companies ledger accounbts and their-end-of-period balances before closing entries are;

Wilson Peters, capital $7,000

Wilson Peters, Withdrawals $9,600

Revenue $29,000

Rent expense $3,600

Salaries expense $7,200

Insurance expense $920

Depr. Expense-equipment $500

Accum depr - equipment $1,500

Problem 1: What amount will be posted to Wilson Peters Capital in the process of closing the income salary account, assuming all accounts have normal balances?

Reference no: EM132960731

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