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Business, 26.03.2020 20:08 uticabadgirl

The F. Mercury, Capital account has a credit balance of $54,000 before closing entries are made. Total revenues for the period are $72,200, total expenses are $48,300, and withdrawals are $15,800. What is the correct closing entry for the expense accounts

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The F. Mercury, Capital account has a credit balance of $54,000 before closing entries are made. Tot...
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