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Please help fill in the missing blanks for the income statment and balance sheet. I cant figure out what is missing or am doing wrong.
Please help fill in the missing blanks for the income statment and balance sheet. I cant figure out what is missing or am doing wrong.
The December 31, 2016, adjusted trial balance for the Blueboy Cheese Corporation is presented below.
Account Title | Debits | Credits |
Cash | 51,900 | |
Accounts receivable | 290,000 | |
Prepaid rent | 9,000 | |
Inventory | 43,000 | |
Office equipment | 530,000 | |
Accumulated depreciationoffice equipment | 222,000 | |
Accounts payable | 56,000 | |
Note payable (due in six months) | 39,000 | |
Salaries payable | 6,800 | |
Interest payable | 1,300 | |
Common stock | 400,000 | |
Retained earnings | 115,000 | |
Sales revenue | 680,000 | |
Cost of goods sold | 408,000 | |
Salaries expense | 102,000 | |
Rent expense | 27,000 | |
Depreciation expense | 53,000 | |
Interest expense | 2,600 | |
Advertising expense | 3,600 | |
Totals | 1,520,100 | 1,520,100 |
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