X + ucation.com/ext/map/index.html?_con=con&external_browser=0&launchUnt=https%253A%252F%252Fmybosc bryantstratton.edu.252Fwebapps2521 portar be 28 Maps er 40 Swed Capri Company began the current period with a $29,000 credit balance in the K. Cap. Capital account. At the end of the period, the company's adjusted account balances include the following temporary accounts with normal balances. Service fees earned Salaries expense Depreciation expense $76,000 Interest revenue 38,800 K. Capri, Withdrawals 11,400 Utilities expense $ 9,200 23,500 6,000 1. After closing the revenue and expense accounts, what will be the balance of the Income Summary account? Credit Step 1: Close Revenues to Income Summary Service fees earned Debit 76 000 9.200 interest revenue Debit Credit Step 2: Close Expenses to Income Summary Revenues Income Summary 85,200 55,400 Expenses Balance 29,800 2. After all closing entries are journalized and posted, what will be the balance of the K. Capri, Capital account? Step 3: Close Income Summary to Capital Debit Credit (Income Summary 20,600 Step 4: Close Withdrawals to Capital Beginning balance K. Capri, Capital 29.000 0 Prail