The F. Mercury, Capital account has a credit balance of $46,000 before closing entries are made. Services revenue for the period is $64,200, wages expense is $44,300, and withdrawals are $12,600. What is the correct closing entry for the expense accounts? Multiple Choice Debit Income Summary $44,300; credit Wages expense $44,300. Debit Wages expense $46,000; credit F. Mercury, Capital $46,000. Debit F. Mercury, Withdrawals accounts $44,300; credit Wages expense $44,300. Debit Wages expense $44,300; credit Income Summary $44,300. Debit Income Summary $44,300; credit F. Mercury Capital $44,300.

The F. Mercury. Capital account has a credit bolance of $46,000 bofore closing entries are made Services revenue for the period is $64,200, wages expense is $44,300, and withdrawals are $12,600. What is the correct closing entry for the expense accounts? Mutpie Choice Debit income Summery $44,300, creda Wages eapense $44,300 Debir Wages expense $46,000; credt F Mercury, Captsi $46,000 Debit F Mercury. Withdranals accounts $44300; credt Wages erpense $44,300 Debat Wages expense $44,300, credit income Summary $44,300 Debit incoene Summary $44,300, credit F. Mertury Captal $44,300