e first two closing entries to the Income Summary account indicate a debit of $55,500 and a credit of $67,000. The third closing entry would be: Multiple Choice debit Income Summary $11,500; credit Capital \$11,500. debit Income Summary $11,500; credit Drawing $11,500. debit Drawing \$11,500; credit Income Summary $11,500. debit Capital \$11,500; credit Income Summary $11,500