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

question 105

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 first closing entry would be

• A)Fees Earned 155,000Wages Expense 63,000Rent Expense 27,000Depreciation Expense 15,000C. Finley, Capital 260,000
• B)Wages Expense 63,000Rent Expense 27,000Depreciation Expense 15,000C. Finley, Capital 50,000Fees Earned 155,000
• C)Fees Earned 155,000Wages Expense 63,000Rent Expense 27,000Depreciation Expense 15,000C. Finley, Capital 50,000
• D)C. Finley, Capital 260,000Fees Earned 155,000Wages Expense 63,000Rent Expense 27,000Depreciation Expense 15,000

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Definitions:

Peremptory Challenges

A right in jury selection for the attorneys to reject a certain number of potential jurors without stating a reason.

Batson V. Kentucky

A landmark Supreme Court case in 1986 that ruled the discriminatory exclusion of jurors based on race violates the Equal Protection Clause of the Fourteenth Amendment.

Unlawful Discrimination

Unfair treatment of individuals based on personal characteristics, in violation of legal standards.

Stereotypes

Oversimplified, widely held fixed ideas or perceptions about specific groups of people or things.