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The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Debits Credits $ 54,600 Cash Accounts receivable
The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Debits Credits $ 54,600 Cash Accounts receivable 285,000 Prepaid rent 8,500 Inventory 42,000 Office equipment 520,000 Accumulated depreciation $ 218,000 Accounts payable 54,000 Notes payable (due in six months) 36,000 Salaries payable 6,700 Interest payable 1,200 Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Interest expense Advertising expense Totals 400,000 110,000 670,000 402,000 100,500 25,500 52,000 2,400 3,400 $ $ 1,495,900 1,495,900
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