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Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Balance Sheet Income Statement Adjusted...

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Accounting

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Finley Company End-of-Period Spreadsheet For the Year Ended December 31 Balance Sheet Income Statement Adjusted Trial Balance Credit Debit Credit Debit Debit Credit Account Title 16,000 6,000 2,000 19,000 16,000 6,000 2,000 19,000 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 (Loss) 6,000 10,000 2,000 5,000 5,328 6,000 10,000 2,000 5,000 5,328 1,000 1,000 47,718 47,718 19,339 6,714 5,993 76,046 19,339 6,714 5,993 32,046 15,672 47,718 76,046 47,71844,00028,328 15,672 47,71844,00044,000 The entry to close Income Summary would be debit Income Summary, $14,672; credit Common Stock, $14,672 debit Common Stock, $10,328; credit Income Summary, $10,328 Odebit Common Stock, $32,046; credit Income Summary, $32,046 debit Income Summary, $15,672, credit Retained Earnings, $15,672

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