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

question 192

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 expenses would be closed by

• A) debiting Wages Expense for $63,000, Rent Expense for $27,000, and Depreciation Expense for $15,000
• B) debiting Expenses for $105,000
• C) crediting Expenses for $105,000
• D) crediting Wages Expense for $63,000, Rent Expense for $27,000, and Depreciation Expense for $15,000

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Definitions:

Organic Compound

A compound primarily made of carbon atoms bonded to hydrogen, possibly along with oxygen, nitrogen, sulfur, phosphorus, and halogens.

Carbonated Beverages

Drinks that contain dissolved carbon dioxide gas, creating a fizzy or bubbly texture.

pH

A scale used to specify how acidic or basic (alkaline) an aqueous solution is, based on the concentration of hydrogen ions.

Synthesis

The chemical process of combining two or more elements or compounds to form a more complex product.