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

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 Adjusted Trial Balance Income Statement Balance Sheet Dr. Account Title Dr. 48,000 18,000 6,000 57,000 Cr Cr. 48,000 18,000 6,000 57,000 Accounts Receivable Supplies Equipment Accumulated Depreciation 18,000 25,000 6,000 33,000 18,000 25,000 6,000 33,000 Accounts Payable Wages Payable C.Finley, Capital C. Finley, Drawing Fees Earned Wages Expense Rent Expense 3,000 3,000 155,000 155,000 63,000 27,000 15.000 63,000 27,000 15.000 Depreciation Expense 000| 237.000 | 105,000 |155,000 | 132,000 82,000 50,000 Net income 0.000

Explanation / Answer

Entry to close C. Finley Drawings Debit Credit C. Finleys capital 3000               C. Finleys Drawings 3000 So correct answer is C

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