Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Balance Sheet Income Statement Adjusted Trial Balance Debit Credit Credit Debit Credit Debit Account Title 48,000 48,000 18,000 6,000 57,000 18,000 6,000 57,000 18,000 18,000 25,000 25,000 6,000 6,000 30,000 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 KLOSS) 30,000 3,000 3,000 3,000 3,000 155,000 155,000 63,000 27,000 63,000 27,000 15.000 15.000 105,000 237,000 237,000 155,000 132,000 82,000 50.000 50.000 155,000 155,000 132.000 132,000 The entry to close the dividends account would be debit Dividends, 53.000, credit Retained Earnings. 53,000 dcbit Retained Earnings, 53.000, credit Dividends, 33.000 dcbit Retained Earning, 512,000 credit Dividends $12.000 debit Dividends, 512,000; credit Retained Earnings. 512.000