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requirment 2 only, I'm just missing an account name. 1- what
is the name of the...
The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account...
The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Debits Credits Cash 14,600 Accounts receivable 345,000 Prepaid rent 14,500 Inventory 54,000 Office equipment 640,000 Accumulated depreciation 266,000 Accounts payable 78,000 Notes payable (due in six months) 72,000 Salaries payable 7,800 Interest payable 2,400 Common stock 400,000 Retained earnings 165,000 Sales revenue 780,000 Cost of goods sold 468,000 Salaries expense 117,000 Rent expense 43,500 Depreciation expense 64,000 Interest expense 4,800 Advertising expense 5,800...
The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Credits...
The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below.Account TitleDebitsCreditsCash14,600Accounts receivable345,000Prepaid rent14,500Inventory54,000Office equipment640,000Accumulated depreciation266,000Accounts payable78,000Notes payable (due in six months)72,000Salaries payable7,800Interest payable2,400Common stock400,000Retained earnings165,000Sales revenue780,000Cost of goods sold468,000Salaries expense117,000Rent expense43,500Depreciation expense64,000Interest expense4,800Advertising expense5,800Totals1,771,2001,771,200Required:1-a. Prepare an income statement for the year ended December 31, 2021.1-b. Prepare a classified balance sheet as of December 31, 2021.2. Prepare the necessary closing entries at December 31, 2021.
What is correct or incorrect for the work you have completed so The December 31, 2021,...
What is correct or incorrect for the work you have completed so The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Credits Debits 14,600 345,000 14,500 54,000 640,000 Account Title Cash Accounts receivable Prepaid rent Inventory Office equipment Accumulated depreciation Accounts payable Notes payable (due in six months) Salaries payable Interest payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Interest expense Advertising expense Totals 266,000...
The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. ...
The December 31, 2021, adjusted trial balance for Fightin' Blue
Hens Corporation is presented below.
Accounts
Debit
Credit
Cash
$
10,800
Accounts
Receivable
138,000
Prepaid
Rent
4,800
Supplies
24,000
Equipment
280,000
Accumulated
Depreciation
$
123,000
Accounts
Payable
10,800
Salaries
Payable
9,800
Interest
Payable
3,800
Notes Payable
(due in two years)
28,000
Common
Stock
180,000
Retained
Earnings
48,000
Service
Revenue
380,000
Salaries
Expense
280,000
Rent
Expense
14,000
Depreciation
Expense
28,000
Interest
Expense
3,800
Totals
$
783,400
$
783,400
1. Record...
The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Credits...
The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Credits Debits 68,500 250,000 5,000 35,000 450,000 Account Title Cash Accounts receivable Prepaid rent Inventory office equipment Accumulated depreciation Accounts payable Notes payable (due in six months) Salaries payable Interest payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Interest expense. Advertising expense Totals 190,000 40,000 15,000 6,000 500 400,000 70,000 600,eee 360,000 90,000 15,000 45,000 1,000...
The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account...
The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Cash Debits 57, 700 270, 000 7, 000 39, 000 490. 000 Credits Accounts receivable Prepaid rent Inventory Office equipnent Accumul at ed depreciation Accounts payable Notes payable (due in six months) Sal aries payable Interest payable 206, 000 48, 000 27, 000 6, 400 900 Common stock Ret ained eamings Sales revenue Cost of goods sold Sal aries expense Rent expense Depreciation...
The following account balances were taken from the 2021 post-closing trial balance of the Bowler Corporation:...
The following account balances were taken from the 2021 post-closing trial balance of the Bowler Corporation: cash, $5,000; accounts receivable, $10,000; inventory, $16,000; equipment, $100,000; accumulated depreciation, $40,000; accounts payable, $20,000; salaries payable, $12,000; retained earnings $9,000; and common stock, $50,000 Prepare a 12/31/2021 balance sheet. (Amounts to be deducted should be indicated by a minus sign.) BOWLER CORPORATION Balance Sheet At December 31, 2021 Assets $ $ 0 Liabilities and Shareholders' Equity d 0 ces 0 0 Saved Chapter...
Required information (The following information applies to the questions displayed below. The December 31, 2021, adjusted...
Required information (The following information applies to the questions displayed below. The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit Debit $ 10,200 132,000 4,200 21,000 220,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense $117,000 10,200 9, 200 3,200 22,000 120,000 42,000 320,000 220,000...
The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances:...
The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Accounts Debits Credits Cash $ 20,000 Accounts Receivable 8,000 Supplies 4,000 Equipment 15,000 Accumulated Depreciation $ 5,000 Salaries Payable 7,500 Common Stock 25,000 Retained Earnings 9,500 Totals $ 47,000 $ 47,000 The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $60,000, of which $21,000 is on account. 2. May 2 Collect on accounts receivable,...
The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented Credits Debits...
The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented Credits Debits 38,800 310,000 11,000 46,000 560,000 Account Title Cash Accounts receivable Prepaid rent Inventory Office equipment Accumulated depreciation Accounts payable Notes payable (due in six months Salaries payable Interest payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Interest expense Advertising expense Totals les dernier 234,000 64,000 48,000 7,100 1,600 400,000 130,000 710,000 426,000 106,500 33,000 56,000...
The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Debits Credits Cash 14,600 Accounts receivable 345,000 Prepaid rent 14,500 Inventory 54,000 Office equipment 640,000 Accumulated depreciation 266,000 Accounts payable 78,000 Notes payable (due in six months) 72,000 Salaries payable 7,800 Interest payable 2,400 Common stock 400,000 Retained earnings 165,000 Sales revenue 780,000 Cost of goods sold 468,000 Salaries expense 117,000 Rent expense 43,500 Depreciation expense 64,000 Interest expense 4,800 Advertising expense 5,800...
The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below.Account TitleDebitsCreditsCash14,600Accounts receivable345,000Prepaid rent14,500Inventory54,000Office equipment640,000Accumulated depreciation266,000Accounts payable78,000Notes payable (due in six months)72,000Salaries payable7,800Interest payable2,400Common stock400,000Retained earnings165,000Sales revenue780,000Cost of goods sold468,000Salaries expense117,000Rent expense43,500Depreciation expense64,000Interest expense4,800Advertising expense5,800Totals1,771,2001,771,200Required:1-a. Prepare an income statement for the year ended December 31, 2021.1-b. Prepare a classified balance sheet as of December 31, 2021.2. Prepare the necessary closing entries at December 31, 2021.
What is correct or incorrect for the work you have completed so The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Credits Debits 14,600 345,000 14,500 54,000 640,000 Account Title Cash Accounts receivable Prepaid rent Inventory Office equipment Accumulated depreciation Accounts payable Notes payable (due in six months) Salaries payable Interest payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Interest expense Advertising expense Totals 266,000...
The December 31, 2021, adjusted trial balance for Fightin' Blue
Hens Corporation is presented below.
Accounts
Debit
Credit
Cash
$
10,800
Accounts
Receivable
138,000
Prepaid
Rent
4,800
Supplies
24,000
Equipment
280,000
Accumulated
Depreciation
$
123,000
Accounts
Payable
10,800
Salaries
Payable
9,800
Interest
Payable
3,800
Notes Payable
(due in two years)
28,000
Common
Stock
180,000
Retained
Earnings
48,000
Service
Revenue
380,000
Salaries
Expense
280,000
Rent
Expense
14,000
Depreciation
Expense
28,000
Interest
Expense
3,800
Totals
$
783,400
$
783,400
1. Record...
The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Credits Debits 68,500 250,000 5,000 35,000 450,000 Account Title Cash Accounts receivable Prepaid rent Inventory office equipment Accumulated depreciation Accounts payable Notes payable (due in six months) Salaries payable Interest payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Interest expense. Advertising expense Totals 190,000 40,000 15,000 6,000 500 400,000 70,000 600,eee 360,000 90,000 15,000 45,000 1,000...
The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Cash Debits 57, 700 270, 000 7, 000 39, 000 490. 000 Credits Accounts receivable Prepaid rent Inventory Office equipnent Accumul at ed depreciation Accounts payable Notes payable (due in six months) Sal aries payable Interest payable 206, 000 48, 000 27, 000 6, 400 900 Common stock Ret ained eamings Sales revenue Cost of goods sold Sal aries expense Rent expense Depreciation...
The following account balances were taken from the 2021 post-closing trial balance of the Bowler Corporation: cash, $5,000; accounts receivable, $10,000; inventory, $16,000; equipment, $100,000; accumulated depreciation, $40,000; accounts payable, $20,000; salaries payable, $12,000; retained earnings $9,000; and common stock, $50,000 Prepare a 12/31/2021 balance sheet. (Amounts to be deducted should be indicated by a minus sign.) BOWLER CORPORATION Balance Sheet At December 31, 2021 Assets $ $ 0 Liabilities and Shareholders' Equity d 0 ces 0 0 Saved Chapter...
Required information (The following information applies to the questions displayed below. The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit Debit $ 10,200 132,000 4,200 21,000 220,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense $117,000 10,200 9, 200 3,200 22,000 120,000 42,000 320,000 220,000...
The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented Credits Debits 38,800 310,000 11,000 46,000 560,000 Account Title Cash Accounts receivable Prepaid rent Inventory Office equipment Accumulated depreciation Accounts payable Notes payable (due in six months Salaries payable Interest payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Interest expense Advertising expense Totals les dernier 234,000 64,000 48,000 7,100 1,600 400,000 130,000 710,000 426,000 106,500 33,000 56,000...
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