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Use the Following Worksheet to Answer the Following Questions

Question 126

Multiple Choice

Use the following worksheet to answer the following questions. 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 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

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