The F. Mercury, Capital account has a credit balance of $22,950 before closing entries are made....
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The F. Mercury, Capital account has a credit balance of $22,950 before closing entries are made. If total revenues for the period are $72,700, total expenses are $53,100, and withdrawals are $12,150, what is the ending balance in the F. Mercury, Capital account after all closing entries are made? The F. Mercury, Capital account has a credit balance of $22,950 before closing entries are made. If total revenues for the period are $72,700, total expenses are $53,100, and withdrawals are $12,150, what is the ending balance in the F. Mercury, Capital account after all closing entries are made?
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