Account Title Cash Accounts Receivable Supplies Equipment Accumulated Depr. Accounts Payable Wages Payable Common Stock

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Account Title Cash Accounts Receivable Supplies Equipment Accumulated Depr Accounts Payable Wages Payable Common Stock 1 (52.86 KiB) Viewed 13 times

Account Title Cash Accounts Receivable Supplies Equipment Accumulated Depr. Accounts Payable Wages Payable Common Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Depreciation Expense Totals Net Income (Loss) Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance. Debit 16,000 6,000 2,000 82,303 4,000 14,544 6,232 5,899 136,978 Credit 6,000 10,000 2,000 5,000 62,000 51,978 Income Statement Debit Credit 14,544 6,232 5,899 51,978 The entry to close Dividends would be a. debit Retained Earnings, $4,000; credit Common Stock, $4,000 1 b. debit Retained Earnings, $4,000, credit Dividends, $4,000 oc. debit Dividends, $4,000; credit Retained Earnings, $4,000 d. debit Common Stock, $4,000; credit Retained Earnings, $4,000 Balance Sheet Debit Credit 16,000 6,000 2,000 82,303 4,000 6,000 10,000 2,000 5,000 62,000 136,978 26,675 51,978 110,303 85,000 25,303 25,303 51,978 51,978 110,303 110,303