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love7973
love7973
07.10.2021 • 
Business

Use this end-of-period spreadsheet to answer the question that follows. 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 81,781 81,781 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 62,000 62,000 Dividends 4,000 4,000 Fees Earned 52,251 52,251 Wages Expense 15,793 15,793 Rent Expense 6,753 6,753 Depreciation Expense 4,924 4,924 Totals 137,251 137,251 27,470 52,251 109,781 85,000 Net Income (Loss) 24,781 24,781 52,251 52,251 109,781 109,781 The entry to close Dividends would be

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