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The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Cash Accounts receivable Debits Credits 51,900 290,000
The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Cash Accounts receivable Debits Credits 51,900 290,000 9,000 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 Required: 43,000 530,000 222,000 56,000 39,000 6,800 1,300 400,000 115,000 680,000 408,000 102,000 27,000 53,000 2,600 3,600 1,520,100 1,520,100 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. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2
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