Question: Could you please answer the attached question? I am trying to work it out as well. Thank you in advance. Account Titles Debit Credit Cash

Could you please answer the attached question? I am trying to work it out as well. Thank you in advance.

Could you please answer the attached question? I
Account Titles Debit Credit Cash $21,970 Accounts Receivable 19,860 Supplies 7,620 Equipment 39,700 Accumulated Depreciation $6,800 Accounts Payable 4,920 Deferred Rent Revenue 1,870 Capital 55,860 Drawing 14,800 Commissio n Revenue 47,300 Rent Revenue 5,900 Depreciation Expense 6,000 Utilities Expense 7,500 Supplies Expense 5,200 Total $122,650 Required: After the closing process has been completed, answer the following questions: What is the balance in the utilities expense account? $122,650

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