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Check my work Exercise 4-5 Computing income summary and ending capital balance from closing entries LO C1, P2 Capri Company began the current period with a $27,000 credit balance in the K Capri. Capital account. At the end of the period, the company's adjusted account balances include the following temporary accounts with normal balances Service fees rarned Salaries expense Depreciation expense $110.ee Interest revenue 41,000k Capri, withdrawals 3,000 titles expense $10,000 20,000 5,600 1. After closing the revenue and expense accounts, what will be the balance of the income Summary account? Step 1: Cloud Revenues to Incomo Summary Debit Credit Smp 7: Close Expenses to Income Summary Deble Credit 1 of 16 Next > ent Exercises (20 points) i Savod Help Save & Exit Submit Check my work Step 2: Close Expenses to Income Summary Debit Credit Income Summary 2. After all closing entries are joumalized and posted, what will be the balance of the K. Capri, Capital account? Step 3: Close Income Summary to Capital Debit Credit 15 2. After all closing entries are journalized and posted, what will be the balance of the K. Capri, Capital account? Step 3: Close Income Summary to Capital Debit Credit Step 4: Close Withdrawals to Capital K. Capri, Capital 27 000 Beginning balance