The f. mercury, capital account has a credit balance of $37,000 before closing entries are made. i 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 $43,400.
d. $28,000.
e. $52,400.

C $43,400.

Explanation:

We have the following data:

Credit Balance(at the begining)=$37,000

Total revenues=$55,200

Total expenses=$39,800

Withdrawals= $9,000

Now, the ending balance after the closing entries is:

Closing entries=Credit Balance+Total revenues-Total expenses-Withdrawals

Closing entries=$37,000+$55,200-$39,800-$9,000

Closing entries=$43,400

Therefore, the correct option is C.

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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