A business has the following account balances on December 31, 2020, after posting all adjusting entries. All accounts have normal balances. Balances General Ledger accounts Owner's drawings n $15,600 Accounts receivable $12,200 Depreciation expense $21,500 $3,400 Prepaid expense Accumulated depreciation 79,100 Advertising expense $9,800 Unearned revenue $5,700 $78,500 Wage expense Owner's Capital $98,700 Service revenue $198,000 Rent expense $49,300 Interest revenue $2,900 For each of the following questions, select the correct response using the drop-down menus. Part A: When the closing entry is prepared for the Revenue accounts: Income summary will be debited For each of the following questions, select the correct response using the drop-down menus. Part A: When the closing entry is prepared for the Revenue accounts: Income summary will be debited Part B: When the closing entry is prepared for the expense accounts, Income Summary will be: debited for $162,500 - Part C: When the closing entry is prepared for Income Summary, the Owner's Capital account will be: credited for $38,900 - Part D: After the closing entries are journalized, the post-closing credit balance in Owner's Capital will be: $124,900