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The December 31,2021 , adjusted trial balance for the Blueboy Cheese Corporation is presented below. Required: 1-a. Prepare an income statement for the year ended
The December 31,2021 , adjusted trial balance for the Blueboy Cheese Corporation is presented below. Required: 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. Prebare an income statement for the vear ended December 31,2021. Prepare a classified balance sheet as of December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) Prepare the necessary closing entries at December 31,2021 . (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the entry to close the revenue accounts using the income summary. Note: Enter debits before credits. Journal entry worksheet Record the entry to close the expense accounts using the income summary. Note: Enter debits before credits
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