T E L LOn.comow/connect.html Ch 4 Homework Saved Help Sav Capri Company began the current period with a $20,000 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. points Service fees earned Salaries expense Depreciation expense $70,000 Interest revenue 38,000 K Capri, withdrawals 3.000 Utilities expense Skipped US 7.000 12.000 4,600 eBook 1. After closing the revenue and expense accounts, what will be the balance of the Income Summary account? Step 1: Close Revenues to Income Summary locomo Summary Debit Doble Credit Step 2: Close Expenses to Income Summary Debit Prey 2 Next > points Income Summary Skipped Book Print References 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 Saved 4 Homework 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 Skipped Step 4: Close Withdrawals to Capital eBook Print Bences K. Capri, Capital Beginning balance 20.000