Use the Following Worksheet to Answer the Following Questions

Multiple Choice

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