amework Saved Help Save & Exit Submit Check my work Capri Company began the current period with a $43,000 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 earned Salaries expense Depreciation expense $90,000 Interest revenue 39,000 K. Capri, Withdrawals 10,200 Utilities expense $ 7,800 17,500 4,600 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 Debit Credit Debit Credit Step 2: Close Expenses to Income Summary Income Summary Prev 7 of 10 Next > hapter 4 MUMEWUIK 7 Income Summary pints eBook 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 Print References Step 4: Close Withdrawals to Capital K. Capri, Capital 43,000 Beginning balance