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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
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 | 9,827 | 9,827 | ||||
Dividends | 1,000 | 1,000 | ||||
Fees Earned | 44,116 | 44,116 | ||||
Wages Expense | 21,626 | 21,626 | ||||
Rent Expense | 5,550 | 5,550 | ||||
Depreciation Expense | 5,767 | 5,767 | ||||
Totals | 76,943 | 76,943 | 32,943 | 44,116 | 44,000 | 32,827 |
Net Income (Loss) | 11,173 | 11,173 | ||||
44,116 | 44,116 | 44,000 | 44,000 |
The entry to close Income Summary would be
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