The first two closing entries to the Income Summary accoun $54,250 and a credit of $65.500. The third closing entry would be Multiple Choice debit Capital $11,25 cred Income Summary $11.250 ) droit income Summary $11250 Credit Drawing $11.250 Oo oo debut Revenue $65. , cred Expenses $54,250 () debt come Summary $11.250. Credit Capital 511250