29. PLEASE HELP ASAP

Use the following account balances from the adjusted trial balance columns of RB Auto's worksheet to answer below question. Credit Balance Debit Balance 20,500 1,000 2,800 500 Account Cash Merchandise Inventory Accounts Payable R. Holloway, Drawing R. Holloway, Capital Sales Purchases Purchase Returns and Allowances Rent Expense Salaries Expense 13,000 15,000 2,000 200 3,000 4,000 Select the correct closing entry that RB Auto would make to close the owner's withdrawal account at the end of the accounting period. Multiple Choice debit R. Holloway. Drawing $500 and credit Income Summary for $500. o debit Income Summary $500 ang credit R. Holloway. Drawing for $500 200 Purchase Returns and Allowances Rent Expense Salaries Expense 3,000 4,000 Select the correct closing entry that RB Auto would make to close the owner's withdrawal account at the end of the accounting period. Multiple Choice O debit R. Holloway, Drawing $500 and credit Income Summary for $500. debit Income Summary $500 and credit R. Holloway, Drawing for $500. debit R. Holloway, Capital $500 and credit R. Holloway, Drawing for $500. O debit R. Holloway. Drawing $500 credit R. Holloway, Capital for $500