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

Please explain how you get the answer  Please explain how you get the answer 49. The F. Mercury,

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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