What exactly are the steps for the closing entries?

You close Expense and Revenues to Income Summary Account.

Close Income Summary Account to Retained Earnings Account.

Closing entries are for temporary accounts only. All accounts on the Income Statement are Temporary Accounts.

To close an Account for example an Expense Account normally has a Debit Balance so to close it you Credit the Expense account by the Debit Balance. The corresponding Credit is to the Income Summary Account.