Question: Please explain how you get the answer 49. The F. Mercury, Capital account has a credit balance of $37,000 before closing entries are made.I total
49. The F. Mercury, Capital account has a credit balance of $37,000 before closing entries are made.I total revenues for the period are $55,200, total expenses are $39,800, and withdrawals are $9,000, what is the ending balance in the F. Mercury, Capital account after all closing entries are made? A-$37,000. B. $35,400. C $43,400. D. $28,000. E. $52,400. Acct Pense balance of $37,000 before closing entries are made. Tota and withdrawals are $9,000. What is The F. Mercury, revenues for the period are $$S.200, total expenses are $39,80 50. act clsing entry for the expense accounts
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