Use the Work Sheet for Finley Company to Answer the Questions

Multiple Choice

Use the work sheet for Finley Company to answer the questions that follow. The entry to close expenses would be

A) Wages Expense 63,000 Rent Expense 18,000
Depreciation Expense 15,000
Income Summary 96,000
B) Expenses 96,000 Income Summary 96,000
C) Wages Expense 63,000 Rent Expense 18,000
Depreciation Expense 15,000
Dividends 96,000
D) Income Summary 96,000 Wages Expense 63,000
Rent Expense 18,000
Depreciation Expense 15,000