Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income Statement Debit Credit Debit Credit 48,000 Balance Sheet Account Title Debit Credit Cash 18,000 Accounts Receivable Supplies Equipment Accumulated Depr 48,000 18,000 6,000 57,000 6,000 57,000 18,000 18,000 25,000 25,000 Accounts Payable Wages Payable Common Stock Retained Earnings Dividende 6,000 30,000 3,000 5,000 30,000 3,000 3.000 3,000 155.000 155,000 63.000 63,000 Fees Eamed Wages Expense Rent Expense Depreciation Expen 27,000 27,000 15,000 15.000 Total 237,000 237,000 105,000 155.000 132.000 12.000 Equipment 57.000 57,000 18,000 18,000 25,000 Accumulated Depr. Accounts Payable Wages Payable Common Stock 25,000 6,000 30,000 3,000 6,000 30,000 3,000 Retained Earnings Dividends 3,000 3,000 155,000 135,000 155,000 Fees Earned Wages Expense 63,000 Rent Expense 63,000 27,000 15,000 237,000 27,000 15,000 Depreciation Expense 237,000 155,000 132,000 Totals 105,000 50,000 155,000 82,000 50,000 132,000 Net Income (Loss) 155,000 132,000 The Journal entry to dose revenues and expenses would involve: Os debit to fees Earned and credit to the expense accounts and retained Earnings Ob. debits to the expense accounts and credit to Retained Earnings and Fees Earned Oc debits to eat Earned and retained Earnings and credits to the expense accounts d. debits to the expense accounts and Retained Earnings and a credit to Pres Eamed Next