1. 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	6,000				6,000
   Supplies	2,000				2,000
   Equipment	19,000				19,000
   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		3,688				3,688
   Dividends	1,000				1,000
   Fees Earned		50,510		50,510
   Wages Expense	21,658		21,658
   Rent Expense	5,674		5,674
   Depreciation Expense	5,866		5,866
   Totals	77,198	77,198	33,198	50,510	44,000	26,688
   Net Income (Loss)			17,312			17,312
   			50,510	50,510	44,000	44,000

   The effect of closing revenues and expenses to Retained Earnings will be to:

   a.increase Retained Earnings by $17,312

   b.decrease Retained Earnings by $17,312

   c.increase Retained Earnings by $33,198

   d.decrease Retained Earnings by $44,000