The ending balance in C. Finley, Capital is Oa. $8,435 Ob. $25,000 Oc. $25,685 Od. $17,565
The ending balance in C. Finley, Capital is Oa. $8,435 Ob. $25,000 Oc. $25,685 Od. $17,565
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter6: Receivables And Inventories
Section: Chapter Questions
Problem 6.6.5MBA
Related questions
Question
![Use the following end-of-period spreadsheet below to answer the question that follow.
Finley Company
End-of-Period Spreadsheet
For the Year Ended December 31
Adjusted Trial Balance Income Statement Balance Sheet
Account Title
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Cash
16,000
16,000
Accounts Receivable
6,000
6,000
Supplies
2,000
2,000
Equipment
19,000
19,000
Accumulated Depreciation
Accounts Payable
Wages Payable
C. Finley, Capital
C. Finley, Drawing
1,000
Fees Earned
21,815
Wages Expense
6,609
Rent Expense
5,769
Depreciation Expense
78,193
6,000
10,000
2,000
17,565
42,628
78,193
21,815
6,609
5,769
34,193
6,000
10,000
2,000
17,565
1,000
42,628
42,628 44,000 35,565](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F015faf08-e73f-44ef-bd0b-5568aa1fb500%2Fa9ddc58b-7813-4f92-a1a9-14750db49f0b%2Fbpxi4ns_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Use the following end-of-period spreadsheet below to answer the question that follow.
Finley Company
End-of-Period Spreadsheet
For the Year Ended December 31
Adjusted Trial Balance Income Statement Balance Sheet
Account Title
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Cash
16,000
16,000
Accounts Receivable
6,000
6,000
Supplies
2,000
2,000
Equipment
19,000
19,000
Accumulated Depreciation
Accounts Payable
Wages Payable
C. Finley, Capital
C. Finley, Drawing
1,000
Fees Earned
21,815
Wages Expense
6,609
Rent Expense
5,769
Depreciation Expense
78,193
6,000
10,000
2,000
17,565
42,628
78,193
21,815
6,609
5,769
34,193
6,000
10,000
2,000
17,565
1,000
42,628
42,628 44,000 35,565
![The ending balance in C. Finley, Capital is
Oa. $8,435
Ob. $25,000
Oc. $25,685
Od. $17,565](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F015faf08-e73f-44ef-bd0b-5568aa1fb500%2Fa9ddc58b-7813-4f92-a1a9-14750db49f0b%2Fzd14md_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The ending balance in C. Finley, Capital is
Oa. $8,435
Ob. $25,000
Oc. $25,685
Od. $17,565
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