The F. Mercury, Capital account has a credit balance of $29,750 before closing entries are made. If total revenues for the period are $92,700, total expenses are $68,300, and withdrawals are $15,750, what is the ending balance in the F. Mercury, Capital account after all closing entries are made?

$38,000 credit balance

Explanation:

Data and Calculation

Capital Account

Debit :

Drawings                               $15,750

Closing Balance                   $38,000

Credit :

Opening Balance                 $29,750

Profit ($92,700 -  $68,300) $24,000

thus

Capital account after all closing entries are made has credit balance of $38,000.

odd consecutive integers are odd integers that follow each other. they have a difference of 2 between every two numbers. if n is an odd integer, then n, n+2, n+4 and n+6 will be odd consecutive integers. the first number in the pattern is always the variable on its own or in this case, "n". examples.