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

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 include a

A) debit to C. Finley, Capital for $155,000
B) debit to C. Finley, Capital for $50,000
C) credit to C. Finley, Capital for $50,000
D) credit to C. Finley, Capital for $155,000