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What is the ending balance in the f mercury capital account

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Question - The F. Mercury, Capital account has a credit balance of $29,750 before closing entries are made. If total revenues for the period are $92,700, total expenses are $68,300, and withdrawals are $15,750, what is the ending balance in the F. Mercury, Capital account after all closing entries are made?

a. $54,150.

b. $29,750.

c. $38,400.

d. $24,400.

e. $14,000.

Reference no: EM133106693

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