The F. Mercury, Capital account has a credit balance of $37,000 before closing entries are made. If total revenues for the period are $55,200, total expenses are $39,800, and withdrawals are $9,000, what is the ending balance in the F. Mercury, Capital account after all closing entries are made?
A. $37,000.
B. $35,400.
C. $28,000.
D. $43,400.
E. $52,400.
Answer: D
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