Capel 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 Depreciation expense 3.000 E. Capri, withdrawals 3.000 ilities expense 12.000 4.600 1. Aner 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 Step 2: Close Expenses to Income Summary Debit Credit Income Summary 2. After all closing entries are journalized and posted, what will be the balance of the K. Capri, Capital account? Step 2 Close Expenses to Income Summary Debt Credit Income Summary v.-10 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 Beginning balance