I think in 3 entry the amount is 13000 (32000-19000)

nd debit Rule: 1: Revenue and gains with credit balances are debited to Income summary to close them and to reset them to zero. 2: Expenses and losses with debit balances are credited to Income Summary to close them and to reset them to 31000 1000 zero. 3: The net balance of income Summary is transferred to Capital account or to Retained Earnings. 4: Drawing account with debit balance is closed by debiting the Capital account and crediting the drawing account. Answer 1) Journalize closing entries on January 31: un No Date Jan. 31 Debiet 1 Closing Entries Account Titles and Explanation Service Revenues Interest Revenue Income Summary Todose the revenues counts to income Summary Credit 11.000 2.000 2500 1 19000 2 29 000 Income Summary Sales Expense Sent Expense To dove the expenses to Income Summary 12.000 7.000 an 12.000 income Summary Capital Todose income may cont to Capital account 2300 e) w 4 Capital Drawing Todose drawing account to Capital account Answer 2) The amount of ending capital is 60,000 Beginning Capital 50,000 Add: Net Income 12.000 Less: Drawings -2.000 Workings: Ending Capital 50,000 Note: If this work helps you support us by up voting B/Adjusted Trial Balance shows the following balances for these selected accounts on January 31". Capital 50,000 Salaries expenses 12,000 Interest Revenue 1,000 Rent expenses 7,000 Drawing 2,000 Service revenues 31,000 1/Journalize closing entries on January 31. (4 x 4pts=16pts) 2/What is the amount of ending Capital? (2 pts)