Use the following worksheet to answer the following questions. Based on the preceding trial balance, the entry to close
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

Question

Use the following worksheet to answer the following questions.  Based on the preceding trial balance, the entry to close
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

Quizplus · Accepted Answer

The Answer of Use the following worksheet to answer the following questions.  Based on the preceding trial balance, the entry to close
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

Use the Following Worksheet to Answer the Following Questions