The first two closing entries to the Income Summary account indicate a debit of $48,000 and a credit of $39,300. The third closing entry would be Multiple Choice debit Capital $8,700, credit Income Summary $8,700 debit Capital $48.000, credit Income Summary $48,000 debit Income Summary $39,300, credit Capital $39,300 debit Income Summary $8700, credit Capital $8.700