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The F Mercury, Capital account has a credit balance of $50,000 before closing entries are made Services revenue for the penod is $68,200, wages expense
The F Mercury, Capital account has a credit balance of $50,000 before closing entries are made Services revenue for the penod is $68,200, wages expense is $46,300, and withdrawals are $14.200 What is the correct closing entry for the expense accounts? 4:0 Multiple Choice Debit Wages expense $46,300. credit income Summary $46.300 Debit Income Summary $46,300, credit F. Mercury Capital $46,300) Debit Wages expense $50,000 credit F Mercury Capital $50,000 Debit income Summary $46.300, credit Wages expense $40,300 Debit F. Mercury, Withdrawals accounts $46.300, crede Wages expense $46.300
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