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Business, 25.03.2020 06:45 Victoriag2626

The F. Mercury, Capital account has a credit balance of $57,000 before closing entries are made. Total revenues for the period are $75,200, total expenses are $49,800, and withdrawals are $17,000. What is the correct closing entry for the expense accounts

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The F. Mercury, Capital account has a credit balance of $57,000 before closing entries are made. Tot...

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