Finley Company

End$-$of$-$Period Spreadsheet

For the Year Ended December $31$

ntry to close Dividends would be

a$.$ debit Dividends, $$3,000$; credit Retained Earnings, $$3,000$

b$.$ debit Retained Earnings, $$3,000$; credit Dividends, $$3,000$

c$.$ debit Retained Earnings, $$3,000$; credit Common Stock, $$3,000$

d$.$ debit Common Stock, $$3,000$; credit Retained Earnings, $$3,000$