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 and credit income Summary $8,700 debit Capital $48,000 and credit income Summary $48,000. debit income Summary $39,300 and credit Capital $39,300. debit income Summary $8,700 and credit Capital $8,700