It is December 31, 2020, and time to close the books. Journalize the following closing entries, with explanations, for Renee's Rice Treats: a. Service revenue, $27,000 b. A compound closing entry for all the expenses: Salaries, $3,500; Rent, $3,400; Advertising, $3,900 c. Income Summary d. Renee Owens, Withdrawals, $5,000 Begin by journalizing the closing entry for a. Service revenue, $27,000. (Record debits first, then credits. Select the explanation on t journal entry table.) R Journal Entry Accounts Debit Credit