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 79,363 79,363 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 5,000 5,000 Fees Earned 48,575 48,575 Wages Expense 14,326 14,326 Rent Expense 5,582 5,582 Depreciation Expense 5,304 5,304 Totals 133,575 133,575 25,212 48,575 108,363 85,000 Net Income (Loss) 23,363 23,363 48,575 48,575 108,363 108,363 The entry to close Dividends would be Oa. debit Retained Earnings, $5,000; credit Common Stock, $5,000 Ob. debit Retained Earnings, $5,000, credit Dividends, $5,000 Oc. debit Common Stock, $5,000, credit Retained Earnings, $5,000 Od. debit Dividends, $5,000; credit Retained Earnings, $5,000