The F$.$ Mercury, Capital account has a credit balance of $$50,000$ before closing entries are made. Services revenue for the period is $$68,200,$ wages expense is

$$46,300,$ and withdrawals are $$14,200.$ What is the correct closing entry for the expense accounts?

Multiple Choice

Debit F$.$ Mercury, Withdrawals accounts $$46,300$; credit Wages expense $$46,300.$

Debit Income Summary $$46,300$; credit Wages expense $$46,300.$

Debit Income Summary $$46,300$; credit F$.$ Mercury Capital $$46,300.$

Debit Wages expense $$46,300$; credit Income Summary $$46,300.$

Debit Wages expense $$50,000$; credit F$.$ Mercury, Capital $$50,000.$