Credit The adjusted trial balance for Eng Company shows the following Debit $20,000 Equipment 35.000 Accounts payable L. Eng. capital Eng, drawings 5.000 Service revenue Rente pense 2,000 Salaries expense 7.500 Supplies expense $70,000 $10.000 42.000 ACTION PLAN - Debit each individual Revenue account for its balance and credit the total to Income Summary Credit each individual Expense account for its balance and debit the total to Income Summary Stop and check your work: Does the balance in Income Summary equal the reported pro Debit the balance in Income Summary and credit the amount to the Owner's Capital account. Do the opposite if the company had a loss.) 18.000 $70,000 Eng Company's statement of owner's equity for the year showed a profit of 8.000 and closing Owner's Capital of $45,000 Prepare the closing entries at December 31 h. Create accounts for Income Summary and L.Eng. Capital, and post the closing entries to