Use the following end-of-period spreadsheet below to answer the question that follow.Finley CompanyEnd-of-Period SpreadsheetFor the Year Ended December 31Adjusted Trial Balance Income Statement Balance SheetAccount TitleDr.Cr.Dr.Cr.Dr.Cr.Cash16,00016,000Accounts Receivable6,0006,000Supplies2,0002,000Equipment19,00019,000Accumulated DepreciationAccounts PayableWages PayableC. Finley, CapitalC. Finley, Drawing1,000Fees Earned21,815Wages Expense6,609Rent Expense5,769Depreciation Expense78,1936,00010,0002,00017,56542,62878,19321,8156,6095,76934,1936,00010,0002,00017,5651,00042,62842,628 44,000 35,565 The ending balance in C. Finley, Capital isOa. $8,435Ob. $25,000Oc. $25,685Od. $17,565

Financial accounting refers to the type of accounting which is primarily used by the outsiders to…

Answered: The ending balance in C. Finley,…

Principles of Accounting Volume 1

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Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 18PA: From the following Company Y adjusted trial balance, prepare simple financial statements, as...

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The ending balance in C. Finley, Capital is Oa. $8,435 Ob. $25,000 Oc. $25,685 Od. $17,565