The J. Dawson, Capital account has a credit balance of $1,200 before closing entries aremade. If total revenues for the year are $65,200, total expenses $49,800, andwithdrawals are $2,400, what is the ending balance in the J. Dawson, Capital account after all closing entries have been made?
A)$16,600.
B)$14,200.
C)$7,600.
D)$23,200.
E)$5,200.

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The Answer of The J. Dawson, Capital account has a credit balance of $1,200 before closing entries aremade. If total revenues for the year are $65,200, total expenses $49,800, andwithdrawals are $2,400, what is the ending balance in the J. Dawson, Capital account after all closing entries have been made?
A)$16,600.
B)$14,200.
C)$7,600.
D)$23,200.
E)$5,200.

The J Dawson, Capital Account Has a Credit Balance of $1,200