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   2,911       2,911 Dividends 1,000       1,000   Fees Earned   49,736   49,736     Wages Expense 21,463   21,463       Rent Expense 5,022   5,022       Depreciation Expense 5,162   5,162       Totals 75,647 75,647 31,647 49,736 44,000 25,911 Net Income (Loss)     18,089     18,089       49,736 49,736 44,000 44,000 The ending balance of retained earnings is

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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
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   2,911       2,911
Dividends 1,000       1,000  
Fees Earned   49,736   49,736    
Wages Expense 21,463   21,463      
Rent Expense 5,022   5,022      
Depreciation Expense 5,162   5,162      
Totals 75,647 75,647 31,647 49,736 44,000 25,911
Net Income (Loss)     18,089     18,089
      49,736 49,736 44,000 44,000

The ending balance of retained earnings is

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