Use the following end-of-period spreadsheet to answer the question that follow.

Question

Use the following end-of-period spreadsheet to answer the question that follow. Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Balance Sheet Dr. 48,000 18,000 Income Statement Dr Adjusted Trial Balance Cr Cr Cr. Dr 48,000 18,000 Account Title Cash Accounts Receivable Supplies 6,000 57,000 6,000 57,000 18,000 25,000 6,000 33,000 18,000 25,000 6,000 33,000 Accumulated Depreciation Accounts Payable Wages Payable C. Finley, Capital C. Finley, Drawing Fees Earned Wages Expense Rent Expense Depreciation Expense 3,000 3,000 155,000 155,000 63,000 27,000 63,000 27,000 15.000 237,000 105,000 155,000 132,000 50.000 32,000 Net income

Explanation / Answer

Answer)option C

Debit C.Finley Capital,$3,000 ; credit C.Finley Drawing,$3,000

Answer)option C

Debit C.Finley Capital,$3,000 ; credit C.Finley Drawing,$3,000

Related Questions

Navigate

• Browse (All)
• Browse U
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.