What is the difference between closing entries for revenue and expense accounts and the closing entry for Owner's Drawings? Revenue and expense accounts close to Owner's Drawings, whereas Owner's Drawings closes to Owner's Capital. O Revenue and expense accounts close to Income Summary, whereas Owner's Drawings closes to Net Income. O Revenue and expense accounts close to Owner's Capital, whereas Owner's Drawings closes to Income Summary. O Revenue and expense accounts close to Income Summary, whereas Owner's Drawings closes to Owner's Capital