QS 4-6 Effects of closing entries LO2, 3 Jontil Co. began the current period with a $14,000 balance in the Peter Jontil, Capital account. At the end of the period, the company's adjusted account balances include the following temporary accounts with normal balances: Service revenue..... Salaries expense... Depreciation expense... Interest income Peter Jontil, withdrawals. Utilities expense.. $35,000 19,000 4,000 3,500 6,000 2,300 what will be the balance of the Income Summary a. After closing the revenue and expense accounts, what will be the balance account? b. After all of the closing entries are journalized and posted, what will be the balan Capital account? sted, what will be the balance of the Peter Jontil