Use the Following End-Of-Period Spreadsheet to Answer the Questions That

question 186

Multiple Choice

Use the following end-of-period spreadsheet to answer the questions that follow.
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-Use the end-of-period spreadsheet for Finley Company. The entry to close C. Finley, Drawing would be

• A) debit C. Finley, Capital, $3,000; credit C. Finley, Drawing, $3,000
• B) debit C. Finley, Capital, $12,000; credit C. Finley, Drawing, $12,000
• C) debit C. Finley, Drawing, $3,000; credit C. Finley, Capital, $3,000
• D) debit C. Finley, Drawing, $12,000; credit C. Finley, Capital, $12,000

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Definitions:

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