The F. Mercury, Capital account has a credit balance of $18,700 before closing entries are...
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Accounting
The F. Mercury, Capital account has a credit balance of $18,700 before closing entries are made. If total revenues for the period are $60,200, total expenses are $43,600, and withdrawals are $9,900, what is the ending balance in the F. Mercury, Capital account after all closing entries are made?
A) $8,800
B) $16,600
C) $25,400
D) $18,700
E) $35,300
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