The F Mercury, Capital Account Has a Credit Balance of $37,000

question 39

Multiple Choice

The F. Mercury, Capital account has a credit balance of $37,000 before closing entries are made. If 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) $28,000.
• B) $35,400.
• C) $52,400.
• D) $37,000.
• E) $43,400.

---

Definitions:

Empowering Leadership

Empowering leadership refers to a style where leaders encourage, enable, and motivate employees to take initiative and make decisions in their roles.

Customer Feelings

The emotions and perceptions experienced by customers during or after interacting with a company's products or services.

Managerial Activities

Tasks or operations that involve planning, organizing, leading, and controlling within an organization.

Reflective Planning

A strategic process that involves thoughtful consideration, self-assessment, and revision of plans based on past experiences and future projections.