Refer to the data in Problem 5-12B.
In problem 5-12B
Feenie Produce Company's trial balance below pertains to December 31, 2014.

Additional data at December 31, 2014:
a. Insurance expense for the year should total $21,600.
b. Store fixtures have an estimated useful life of 10 years and are expected to have no value when they are retired from service.
c. Accrued salaries at December 31, $5,500.
d. Accrued interest expense at December 31, $1,600.
e. Store supplies on hand at December 31, $23,800.
f. Inventory based on the inventory count on December 31, $116,500.
Required
1. Journalize the adjusting and closing entries of Feenie Produce Company.
2. Determine the December 31, 2014, balance in the Capital account.

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FEENIE PRODUCE COMPANY Trial Balance December 31, 2014 $ 22,150 Cash Accounts receivable 109,600 Inventory Store supplies Prepaid insurance 108,300 28,800 18,000 Store fixtures 270,000 $ 162,000 Accumulated amortization-store fixtures Accounts payable Salaries payable 69,900 Interest payable Notes payable, long-term F. Feenie, capital F. Feenie, withdrawals 47,000 119,000 52,000 Sales revenue 1,290,500 737,900 Purchases Salaries expense Rent expense Utilities expense Amortization expense 238,600 52,000 36,200 store fixtures Insurance expense 6,000 Store supplies expense Interest expense Miscellaneous expense Total 2,350 6,500 $1,688,400 $1,688,400