Adjusted Trial Balance Income Statement Balance Sheet Account Title Debit Credit Debit Credit Debit Credit 16,000 6,000 2,000 19,000 16,000 6,000 2,000 19,000 Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Wages Payable C. Finley, Capital C. Finley, Drawing Fees Earned Wages Expense Rent Expense Depreciation Expense Totals Net Income (Loss) 6,000 10,000 2,000 13,197 6,000 10,000 2,000 13,197 1,000 1,000 45,054 45,054 20,925 6,254 5,072 76,251 20,925 6,254 5,072 32,251 12,803 45,054 76,251 31,197 12,803 44,000 45,054 44,000 45,054 44,000 The entry to close expenses would be: Wages Expense Rent Expense Depreciation Expense $20,925 $6,254 $5,072 C. Finley, Drawing $32,251 Income Summary $32,251 Wages Expense Rent Expense Depreciation Expense $20,925 $6,254 $5,072 Expenses $32,251 $32,251 Income Summary Wages Expense Rent Expense Depreciation Expense $20,925 $6,254 $5,072 Income Summary $32,251 Enu-or-Periou Spredusieet For the Year Ended December 31 Adjusted Trial Balance Income Statement Balance Sheet Credit Debit Credit Debit Account Title Debit Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Wages Payable C. Finley, Capital C. Finley, Drawing Fees Earned Wages Expense Rent Expense 27,00 Depreciation Expense Totals Net Income (Loss) Credit 48,00 48,00 18,000 6,00 57,00 18,000 6,00 57,00 18,000 18,000 25,00 25,00 6,00 6,00 33,00 33,00 3,00 3,00 155,000 155,000 63,00 63,000 27,00 237,000 237,000105,000 155,000 132,000 82,00 155,000 155,000132,000 132,000