1. Use the following end-of-period spreadsheet below to answer the question that follow.

   Finley Company End-of-Period Spreadsheet For the Year Ended December 31
   	Adjusted Trial Balance		Income Statement		Balance Sheet
   Account Title	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.
   Cash	16,000				16,000
   Accounts Receivable	6,000				6,000
   Supplies	2,000				2,000
   Equipment	19,000				19,000
   Accumulated Depreciation		6,000				6,000
   Accounts Payable		10,000				10,000
   Wages Payable		2,000				2,000
   C. Finley, Capital		11,331				11,331
   C. Finley, Drawing	1,000				1,000
   Fees Earned		46,334		46,334
   Wages Expense	21,523		21,523
   Rent Expense	5,098		5,098
   Depreciation Expense	5,044		5,044
   	75,665	75,665	31,665	46,334	44,000	29,331
   Net Income			14,669			14,669
   			46,334	46,334	44,000	44,000

   The expenses would be closed by

   a.crediting Wages Expense for $21,523, Rent Expense for $5,098, and Depreciation Expense for $5,044

   b.debiting Wages Expense for $21,523, Rent Expense for $5,098, and Depreciation Expense for $5,044

   c.debiting Expenses for $31,665

   d.crediting Expenses for $21,523