Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Arch Use this end-of-period spreadsheet to answer the question that follows. Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income

Arch Use this end-of-period spreadsheet to answer the question that follows. Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income Statement Balance Sheet Account Title Debit Credit Debit Credit Debit Credit Cash 16,000 16,000 Accounts Receivable 0.000 6,000 Supplies 2,000 2,000 Equipment 88,993 88,993 Accumulated Depr 6,000 6,000 Accounts Payable 10,000 10,000 Wages Payable 2.000 2,000 Common Stock 5.000 5,000 Retained Earnings 62,000 62.000 Dividends 2,500 2,500 Fees Earned 54,306 54.305 Wages Expense 14,094 14,094 Rent Expense 5,422 Depreciation Expense 4.297 5,422 4.297 69F Mostly cl 12:48 PM Keading Chapter 4 Practice Assignment #2 MC 04 118 ALGO 13 MC 04.75 14. BE 04 04 ALGO 15 MC 04 36 ALGO 15 MC 04 87 ALGO 17 BE 04.03 18. EX04 17 19 MC0473 20 EX04 11 ALGO 21 MC 04117 ALGO 22 MC 04 76 23 EXB4 187 ALGO 24 EX0415 25 MCOE 85 ALGO P Type here to search Equipment Accumulated Depr Accounts Payable Wages Payable Common Stock Fees Earned 58,993 6,000 88,993 5,000 10,000 10,000 2,000 2,000 5,000 5,000 Retained Earnings Dividend 62,000 62,000 2,500 2.500 54,306 54,306 Wages Expense 14,094 14,004 Rent Expense 5.422 5,422 Depreciation Expense 4,297 4,297 Tota 129,306 139,306 23,813 54,306 115,493 $5,000 Net Income (Loss) 30.493 54.306 54,306 115.493 30,493 115,493 The entry to close Dividends would be add tags 302300 Ob de 1300 Carings 12500 Os del Stars 12300 Con 12300 Od 2006 1248PM 69 Mostly cloudy de 2/13/2022 DELL Reading Vit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions