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e F. Mercury. Capital account has a credit balance of $37,000 before closing entries are made. Total revenues for the period are $55.200 tal expenses

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e F. Mercury. Capital account has a credit balance of $37,000 before closing entries are made. Total revenues for the period are $55.200 tal expenses are $39,800, and withdrawals are $9,000. What is the correct closing entry for the expense accounts? Multiple Choice Debit Income Summary $39,800, credit F. Mercury Copitol $39,800 Credi Expense accounts $39 800, debi F Mercury, Coptal 39,800 Debit Expense accounts $39,800, credit Income Summary $39,800. Debit Income Summary $39,800; credit Expense accounts $39,800

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