If cash is $80,500, accounts receivable is $45,800, equipment is 20,000, accounts payable is $1,300, Jamie Fro,

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If cash is $80,500, accounts receivable is $45,800, equipment is 20,000, accounts payable is $1,300, Jamie Fro, capital is 200,000, Jamie Fro, withdrawals are $500, revenues total $35,000, and expenses total 12,000, prepare the closing entry for withdrawals.