The f. mercury, capital account has a credit balance of $37,000 before closing entries are made. total revenues for the period are $55,200, total expenses are $39,800, and withdrawals are $9,000. what is the correct closing entry for the revenue accounts

The correct closing entry for the revenues account is "Debit: $55,200 to Revenues Account and Credit: $55,200 to Income Summary Account" based on the information shown on the question above. The Income Summary is a closing account for every income statement related account. Thus, the best journal pair for revenues account is the income summary.

I’d have to say no because without oxygen in the water the fish would all be dead. so if you want to fish for dead fish, pick the ponds with the lowest oxygen concentrations.