Business, 19.07.2021 20:40 tylermorse3775

The F. Mercury, Capital account has a credit balance of $42,000 before closing entries are made. Total revenues for the period are $60,200, total expenses are $42,300, and withdrawals are $11,000. What is the correct closing entry for the expense accounts

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The F. Mercury, Capital account has a credit balance of $42,000 before closing entries are made. Tot...

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