Refer to the Following Adjusted Trial Balance There Were No New Capital Contributions During the Year

Multiple Choice

Refer to the following adjusted trial balance. $$\begin{array} { | l | r | r | } \hline \text { Accounts } & { \text { Debit } } & { \text { Credit } } \\\hline \text { Cash } & \$ 1,700 & \\\hline \text { Accounts Receivable } & 8,600 & \\\hline \text { Office Supplies } & 400 & \\\hline \text { Equipment } & 28,100 & \\\hline \text { Accumulated Depreciation-Equipment } & & \$ 2,000 \\\hline \text { Accounts Payable } & & 1,200 \\\hline \text { Salaries Payable } & & 950 \\\hline \text { Unearned Revenue } & & 450 \\\hline \text { Smith, Capital } & & 3,800 \\\hline \text { Smith, Withdrawals } &1,000 & \\\hline \text { Service Revenue } & &55,600 \\\hline \text { Salaries Expense } &20,000\\\hline \text { Supplies Expense } & 2,200 \\\hline \text { Depreciation Expense- Equipment } &2,000\\\hline \text { Total } & \$ 64,000 &\$ 64,000 \\\hline\end{array}$$ There were no new capital contributions during the year.What will the balance of the Smith,Capital
Account be after the closing entries are posted?

A) $34,200
B) $31,400
C) $35,200
D) $32,400