Blueboy cheese corporation. Prepare the necessary closing entries on December 31, 2024.

Blueboy cheese corporation. Account Title 85 Cash nts Accounts receivable Prepaid rent Transcribed image text Dec 31, 2021 · Question: Exercise 2-12 (Algo) Financial statements and closing entries [LO2-7, 2-8] 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 The December 31. Prepare a classified balance sheet as of December 31, 2024. Dec 3, 2024 · Accounting document from Indiana Institute of Technology, 7 pages, Blueboy Cheese Corporation Income Statement For the Month of December 2018 Sales revenue Cost of goods sold Gross profit Operating Expenses: Salaries Rent Depreciation Advertising Total operating expenses $ $ 800,000 480,000 320,000 120,000 30,000 60,000 Dec 31, 2024 · Question: The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented be\table [ [Account Title,Debits,Credits], [Cash,$21,000 Dec 31, 2024 · The December 3 1, 2 0 2 4, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Transcribed image text Account Title Debits Credits Cash 21,000 Accounts receivable 300,000 Dec 31, 2021 · Question: The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Dec 31, 2024 · Question: The December 31,2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Prepare the necessary closing entries on December 31, 2024. The following account balances were taken from the 2024 adjusted trial balance of the Bowler Corporation: sales revenue, $485,000; cost of goods sold, $248,000; salaries expense, $61,000; rent expense, $36,000; depreciation expense, $46,000; and miscellaneous expense, $28,000. Prepare the necessary closing entries on December 31, 2024. Cash$ 21,000Accounts receivable300,000Prepaid rent10,000Inventory50,000Office equipment600,000Accumulated Dec 31, 2024 · The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Debits Credits Cash 65,800 Accounts receivable 255,000 Prepaid Dec 31, 2024 · The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Dec 31, 2018 · The December 31, 2018, adjusted trial balance for the Blueboy Cheese Corporation is Account Title DebitsCredits 20,000 335, 000 13,500 52,000 620,000 Cash Accounts receivable Prepaid rent Inventory Office equipment Accumulated depreciation-office equipment Accounts payable Note payable (due in six months) Salaries payable Interest payable Sep 12, 2023 · Exercise 2-12 (Static) Financial statements and closing entries [LO2-7, 2- 8] The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account TitleDebitsCreditsCash$ 65,800 Accounts receivable255,000 Prepaid rent5,500 Inventory36,000 Office equipment460,000 Accumulated depreciation $ 194,000Accounts payable 42,000Notes payable (due in six months) 18,000Salaries Dec 31, 2021 · Business Accounting Accounting questions and answers Exercise 2-12 (Algo) Financial statements and closing entries [LO2-7, 2-8] The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Mondelēz International, Inc. Dec 3, 2024 · View CPA 3. Cash $ 55,000 Accounts receivable 275,000 Prepaid rent 7,500 Dec 31, 2021 · Question: The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Debits Credits The December 31, 2018, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Required: 1-a. Dec 31, 2021 · BLUEBOY CHEESE CORPORATION Income Statement For the Year Ended December 31, 2021 Sales revenue Cost of goods sold Gross profit Operating expenses Salaries expense Rent expense Depreciation expense Advertising expense 0 0 0 0 Reg 1A Reg 1B Reg 2 Prepare a classified balance sheet as of December 31, 2021. Prepare an income statement for the year ended December 31, 2024, and a classified balance sheet as of December 31, 2024. Journal entry worksheet Record the entry to close the expense accounts. Account Title Debits Credits Cash 21,000 Accounts receivable 300,000 Prepaid rent 10,000 The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Note: Enter Dec 31, 2021 · The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Brief Exercise 2-3 Journal entries [LO2-3] 4. Dec 31, 2024 · The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented belc Required: 1-a. Credits Debits 68,500 250,000 5,000 35,000 450,000 Account Title Cash Accounts receivable Prepaid rent Inventory Office equipment Accumulated Dec 31, 2021 · Find step-by-step Accounting solutions and your answer to the following textbook question: The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Debits Credits Cash 68,500 Accounts receivable 250,000 Prepaid rent 5,000 Inventory 35,000 Office equipment 450,000 Accumulated depreciation—office equipment 190,000 Accounts payable 40,000 Note payable (due in six Dec 31, 2024 · q, The December 3 1, 2 0 2 4, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Prepare an income statement for the year ended December 31,2024. Dec 31, 2024 · Question: The December 31,2024 , adjusted trial balance for the Blueboy Cheese Corporation is presented below. 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 Dec 31, 2024 · The December 3 1, 2 0 2 4, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Brief Exercise 2-2 Transaction analysis [LO2-1] 3. The December 31, 2027, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Dec 31, 2024 · Exercise 2-12 (Algo) Financial statements and closing entries [LO2-7, 2-8] The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented belon Required: 1-a. This is a financial report wherein the financial performance of the company for the year is presented. Prepare an income statement for the year ended December 31, 2024. Dec 31, 2021 ·  BLUEBOY CHEESE CORPORATION Balance Sheet At December 3 1, 2 0 2 1 Assets Liabilities and Shareholders' Equity < Req 1 A Req 2 > Complete this question by entering your answers in the tabs below. Account Title Debits CreditsCash $ 21,000  Accounts receivable 300,000  Prepaid rent 10,000  Inventory 50,000  Office equipment 600,000 Dec 31, 2024 · Question: he December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented be Required: 1-a. Blueboy Cheese Corporation Income Statement For the Month of December 2018 Sales revenue Cost of goods sold Gross profit Operating Oct 6, 2024 · The December 31The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Credits Debits 55,000 275,000 7,500 40,000 500,000 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 Dec 31, 2024 · The December 3 1, 2 0 2 4, 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 Dec 31, 2024 · Question: ( 1. Account Title Debits Credits Cash 21,000 Accounts receivable 300,000 Prepaid rent 10,000 Inventory 50,000 Dec 31, 2024 · The December 3 1, 2 0 2 4, adjusted trial balance for the Blueboy Cheese Corporation is presented below. a. Prepare a classified balance sheet as of December 31, 2021. Subsequently, prepare the income statement and balance sheet to reflect the financial status. Credits Debits 65,800 255,000 5,500 36,000 460,000 194,000 42,000 18,000 6,100 Account Title Cash Accounts receivable Prepaid rent Inventory Office equipment Accumulated depreciation Accounts payable Notes payable (due in six months Dec 31, 2024 · Exercise 2-12 (Algo) Financial statements and closing entries [LO2-7, 2-8] The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Mar 18, 2024 · Why is this page out of focus? Because this is a premium document. Dec 31, 2024 · Question: Exercise 2-12 (Algo) Financial statements and closing entries [LO2-7, 2-8] The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented bele Required: 1-a. Account Title Debits CreditsCash $ 49,200  Accounts receivable 295,000  Prepaid rent 9,500  Inventory 44,000  Office equipment 540,000  Accumulated depreciation $ 226,000Accounts payable 58,000Notes payable (due in six Dec 31, 2024 · Question: The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Debits CreditsCash $ 63,100  Accounts receivable 260,000  Prepaid rent 6,000  Inventory 37,000  Office equipment 470,000  Accumulated depreciation $ 198,000Accounts payable 44,000Notes payable (due in six Dec 31, 2021 · Question: The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Prepare the necessary closing entries on December 31, 2024. Accounts Debit Credit Cash $14,000 Accounts Receivable 155,000 Prepaid Rent 5,000 Supplies 31,000 Land 270,000 Accounts Payable$13,000 Salaries Payable 12,000 Dec 31, 2024 · Question: The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Dec 31, 2024 · Question: Exercise 2−12 (Static) Financial statements and closing entries [LO2-7, 2-8] The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented belc Required: 1-a. account title Dec 31, 2021 · Question: Exercise 2-12 (Algo) Financial statements and closing entries (LO2-7, 2-8] The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Debits Credits Cash $ 11,900 Accounts receivable $ 350,000 Prepaid rent $ 15,000 Inventory $ 55,000 Office equipment $ 650,000 Dec 31, 2024 · The December 3 1, 2 0 2 4, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Answer is not complete. Difficulty: 3 Hard Learning Objective: 02-08 Explain the closing process. 1. Credits Debits 21,000 300,000 10,000 50,000 600,000 Account Title Cash Accounts receivable Prepaid rent Inventory Office equipment Accumulated depreciation Accounts payable Notes payable (due in six months) Salaries payable Interest Dec 31, 2024 · Question: 7) The December 31,2024 , adjusted trial balance for the Blueboy Cheese Corporation is presented below. Brief Exercise 2-8 Journal entries [LO2-3] 6. 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 Dec 31, 2024 · Question: The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Dec 31, 2024 · Question: The December 31, 2024, 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 Common stock 2,400 Dec 31, 2024 · Exercise 2-12 (Algo) Financial statements and closing entries [LO2-7, 2-8] The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Credits Debits 41,500 305,000 10,500 45,000 550,000 Account Title Cash Accounts receivable Prepaid rent Inventory office equipment Accumulated depreciation Accounts payable Notes payable (due in six months) Salaries payable Interest Dec 31, 2024 · The December 3 1, 2 0 2 4, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Debits Credits Cash 57,300 Accounts receivable 280,000 Prepaid rent 8,000 Inventory 41,000 Office equipment 510,000 Accumulated depreciation 214,000 Accounts payable 52,000 Notes payable (due in six months) 33,000 Salaries payable 6,600 Interest Dec 31, 2024 · The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Prepare a classifled balance sheet as of December 31, 2024. Dec 31, 2018 · Question: The December 31, 2018, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Debits Credits Cash 55,000 Accounts receivable 275,000 Prepaid rent 7,500 Inventory 40,000 Office equipment 500,000 Accumulated depreciation—office equipment 210,000 Accounts payable 50,000 Note payable (due in six Dec 31, 2024 · Question: The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Cash Accounts receivable Prepaid rent Inventory office equipment Accumulated depreciation Accounts payable Notes payable (due in six months) Salaries payable Interest Dec 31, 2018 · Question: The December 31, 2018, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Dec 31, 2024 · Question: The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Debits CreditsCash $ 38,800  Accounts receivable 310,000  Prepaid rent 11,000  Inventory 46,000  Office equipment 560,000  Accumulated depreciation $ 234,000Accounts payable 64,000Notes payable (due in six months) 48,000Salaries Dec 31, 2021 · Find step-by-step Accounting solutions and the answer to the textbook question The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. The December 31, 2024, adjusted trial balance for Badger Corporation is presented below. Account Title Debits Credits Dec 31, 2021 · Question: The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Dec 31, 2024 · The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Prepare an income statement for the year ended December 31, 2024 1-. Credits Debits 21,000 300,000 10,000 50,000 600,000 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 Dec 31, 2024 · The December 31,2024 , adjusted trial balance for the Blueboy Cheese Corporation is presented below Required: 1-a. Account Title Debits CreditsCash $ 63,100  Accounts receivable 260,000  Prepaid rent 6,000  Inventory 37,000  Office equipment 470,000  Accumulated depreciation $ 198,000Accounts payable 44,000Notes payable (due in six Dec 31, 2021 · BLUEBOY CHEESE CORPORATION Balance Sheet At December 31, 2021 Assets 0 0 0 Liabilities and Shareholders' Equity $ 0 Liabilities and Shareholders' Equity 0 0 0 0 0 0 Journal entry worksheet 1 Record the entry to close the revenue accounts using the income summary. Prepare the necessary closing entrles on December 31, 2024. Dec 31, 2021 · Question: mework Exercises The December 31, 2021. Dec 31, 2024 · . Note: Enter debits before credits. Dec 31, 2021 · Solution For The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Debite 38,800 319, 990 11, eeg 46,000 560, eee Account Title Cash Accounts receivable Prepaid rent Inventory Office equipment Accumulated depreciation Accounts payable Notes payable (due in six months) Salaries payable Interest payable Dec 31, 2021 · BLUEBOY CHEESE CORPORATION Income Statement For the Year Ended Decem ber 31, 2021 BLUEBOY CHEESE CORPORATION Balance Sheet At December 31, 2021 Assets Liabilities and Shareholders' Equity Record the entry to close the revenue accounts using the income summary. 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 Dec 31, 2024 · Question: The December 31,2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. 00 points The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Prepare a classlfied balance sheet as of December 31, 2024. Credits Debits 11,900 350,000 15,000 55,000 650,000 Account Title Cash Accounts receivable Prepaid rent Inventory Office equipment Accumulated depreciation Accounts payable Notes payable (due in six months) Salaries payable Interest Dec 31, 2021 · The income statement for Blueboy Cheese Corporation shows a net income of $79,900 for the year ended December 31, 2021. Account TitleDebitsCreditsCash$ 21,000 Accounts receivable300,000 Prepaid rent10,000 Inventory50,000 Office equipment600,000 Accumulated depreciation $ 250,000Accounts payable 60,000Notes payable (due in six months) 60,000Salaries Dec 31, 2024 · Question: Exercise 2-12 (Algo) Financial statements and closing entries [LO2-7, 2-8] The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented bele Required: 1-a. Account The December 31, 2018, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Debits Credits Cash 22,700 Accounts receivable 330,000 Prepaid Dec 31, 2021 · Question: 2 The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Brief Exercise 2-12 Adjusting entries; income determination [LO2-5, 2-6] 7. Dec 31, 2024 · Question: The December 31,2024 , adjusted trial balance for the Blueboy Cheese Corporation is presented below. Credits Debits 30,700 325,000 12,500 49,000 590,000 Account Title Cash Accounts receivable Prepaid rent Inventory Office equipment Accumulated depreciation Accounts payable Notes payable (due in six months) Salaries payable Interest Dec 31, 2024 · The December 31, 2024, adjusted trlal balance for the Blueboy Cheese Corporation is presented below. ook Hint 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 The December 31, 2027, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Brief Exercise 2-7 Transaction analysis [LO2-1] 5. 2. (NASDAQ: MDLZ) is one of the world’s largest snacks companies, empowering people to snack right in over 150 countries. Credits points 10 points 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 Apr 17, 2023 · 1. Prepare an income statement for the year ended December 31, 2021, and a classified balance sheet as of December 31, 2021. Account Title Debits Credits Cash 22,700 Accounts receivable 330,000 The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Debits Credits Cash 21, 000 Accounts receivable 300, 000 Prepaid rent 10, 000 Inventory 50, 000 Office equipment 600, 000 Accumulated depreciation 250, 000 Accounts payable 60, 000 Notes payable (due in six months) 60, 000 Salaries payable 8, 000 Interest payable 2, 000 Common Dec 31, 2024 · The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Prepare the necessary closing entrles on December 31, 2024. The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Debits Credit Cash 1-4 THE DECEMBER 31, 2021, ADJUSTED TRIAL BALANCE FOR THE BLUEBOY CHEESE CORPORATION IS PRESENTED BELOW: DEBITS CREDITS CASH 57300 ACCOUNTS RECEIVABLE 280,000 PREPAID RENT 8,000 INVENTORY 41,000 OFFICE EQUIPMENT 510,000 ACCUMULATED DEPRECIATION 214,000 ACCOUNTS PAYABLE 52,000 NOTES PAYABLE (MATURE IN 6 MONTHS) 33,000 SALARIES PAYABLE 6,000 INTEREST PAYABLE 1,100 COMMON STOCK 400,000 RETAINED Net income $101,000 Exercise 2–11 (continued) BLUEBOY CHEESE CORPORATION Balance Sheet At December 31, 2013 Assets Dec 31, 2021 · The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Required:1-a. Required: 1-a. Dec 31, 2024 · Question: The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Cash $ 20,000 Accounts receivable 335,000 Prepaid Dec 31, 2024 · The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Dec 31, 2024 · Exercise 2-12 (Algo) Financial statements and closing entries [LO2-7, 2-8] The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented bele Required: 1-a. Dec 31, 2021 · The income statement indicates a net income of $81,500 for Blueboy Cheese Corporation, while the balance sheet shows total assets of $722,000, consisting of total liabilities and stockholders' equity. Cash $ 33,400 Accounts receivable 320,000 Prepaid rent 12,000 The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Jan 9, 2025 · Exercise 2 12 (Algo) Financial statements and closing entries [LO2 7, 2 8] The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below: Account Title Debits Credits Cash 68,500Accountsreceivable 250,000 Prepaid rent 5,000I nventory 35,000 Office equipment 450,000Accumulateddepreciation 190,000 Accounts Dec 31, 2024 · The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Oct 3, 2022 · The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. 2021. \begin {tabular} {|l|r|r|r|} \hline \multicolumn {3} {|c Dec 31, 2024 · Find step-by-step Accounting solutions and the answer to the textbook question The December 31, 2024, adjusted trial balance for Badger Corporation is presented below. Prepare the necessary closing entries at December 31, 2021. Prepare an income statement for the year ended December 31. Prepare a classified balance sheet as of Dece्ㅈmber 31, 2021. Dec 31, 2024 · The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below: Account Title Debits Credits Cash $57,700 Accounts receivable 270,000 Prepaid rent 7,000 Inventory 39,000 Office equipment 490,000 Accumulated depreciation 206,020 Accounts payable 45,000 Notes payable (due in six months) 27,000 Salaries payable 6,400 Interest payable 900 Common stock 480,000 Dec 31, 2021 · Question: The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. ) View transaction list Journal entry worksheet < 2 1 Record the entry to close the revenue accounts using the income summary. Prepare an Income statement for the year ended December 31, 2024. required: 1-a. Prepare an income statement for the year ended December 31, 2021. Credits Debits 49,200 295,000 9,500 44,000 540,000 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 Dec 31, 2021 · BLUEBOY CHEESE CORPORATION Income Statement For the Year Ended December 31, 2021 Reg 18 > Req 1A Req 1B Req 2 Prepare a classified balance sheet as of December 31, 2021. Prepare a classified balance sheet as of December 31, 2021 . Dec 31, 2021 · In the Blueboy cheese corporation, an income statement for the year ended December 31, 2021 is $ 86,600. Credits Debits 65,800 255,000 5,500 36,000 460,000 Account Title Cash Accounts receivable Prepaid rent Inventory Office equipment Accumulated depreciation Accounts payable Notes payable (due in six months) Salaries payable Interest Dec 31, 2024 · The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Transcribed image text Account Title Cash Accounts receivable Prepaid rent Inventory Office Dec 31, 2021 · Question: The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Award:10 out of 10. Prepare on income statement for the year ended December 31, 2024. Dec 31, 2024 · The December 3 1, 2 0 2 4, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Credits Debits 54,600 285,000 8,500 42,000 520,000 Account Title Cash Accounts receivable Prepaid rent Inventory office equipment Accumulated depreciation Accounts payable Notes Dec 31, 2021 · Question: The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Prepare a classified balance sheet as of December 31,2024 2. Prepare the necessary closing entries at December 31,2021 . Cash Accounts receivable Prepaid rent Inventory Off ice equipment Accumulated deprec iat ion-off ice equipment Accounts payable Note pavable (due in six months) Salaries payable Interest payable Common stock Retained earnings Sales Dec 31, 2018 · Question: The December 31, 2018, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Debits Credits Cash 38,800 Accounts Dec 31, 2024 · Exercise 2-12 (Algo) Financial statements and closing entries [LO2-7, 2-8] The December 31,2024 , adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account TitleDebitsCreditsCash$ 65,800 Accounts receivable255,000 Prepaid rent5,500 Inventory36,000 Office equipment460,000 Accumulated depreciation $ 194,000Accounts payable 42,000Notes payable (due in six months) 18,000Salaries Dec 31, 2021 · The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Credits Debits 21,000 300,000 10,000 50,000 600,000 Account Title Cash Accounts receivable Prepaid rent Inventory Office equipment Accumulated depreciation Accounts payable Notes payable (due in six months) Salaries Dec 31, 2021 · To create an income statement for Blueboy Cheese Corporation for the year ending December 31, 2021, we will follow a structured approach. Dec 31, 2024 ·  Exercise 2 1 2 (Static) Financial statements and closing entries [LO 2 7, 2 8] The December 3 1, 2 0 2 4, adjusted trial balance for the Blueboy Cheese Corporation is presented below. 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 Dec 31, 2024 · Exercise 2-12 (Algo) Financial statements and closing entries [LO2-7, 2-8] The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented b Required: 1-a. Prepare an income statement for the year ended December 31, 2024, and a classified balance sheet as of December 31,2024. Answer is not complete. Dec 31, 2024 · Question: Exercise 2-12 (Algo) Financial statements and closing entries [LO2-7, 2-8]The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Debits Credits Cash $ 11,900 Accounts receivable 350,000 Prepaid rent 15,000 Inventory 55,000 Office equipment 650,000 Accumulated depreciation $ 270,000 Accounts payable 80,000 Notes payable (due in six months ) 75,000 Salaries payable 7,900 Interest payable 2,500 Common stock Dec 31, 2021 · BLUEBOY CHEESE CORPORATION Balance Sheet At December 31, 2021 Assets int ances Liabilities and Shareholders' Equity < Prey 8 of B Next required in the first account field. Begin with the total sales revenue, which amounts to 680,000. 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 Dec 31, 2024 · The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below 1a. Required: 1-o. Required: 1. Journal entry worksheet Record the entry to close the revenue accounts. Jan 8, 2024 · To analyze Blueboy Cheese Corporation's adjusted trial balance, review account balances for discrepancies, make necessary adjustments, and calculate net income. adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Debits Credits 14,600 345,000 14,500 54,000 640,000 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 Dec 31, 2024 · The December 3 1, 2 0 2 4, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Debits Credits Cash 20,000 Accounts receivable 335,000 Prepaid rent 13 , 500 Inventory 52 , Dec 31, 2021 · Question: The December 31, 2021. What do you mean by an income statement? The net income is one of the three essential financial statements used to show an industry's measure of profitability income statement. Dec 31, 2024 · Business Accounting Accounting questions and answers Exercise 2-12 (Static) Financial statements and closing entries [LO2-7, 2-8]The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. b. Feb 18, 2024 · Describe the four basic financial statements. Dec 31, 2021 · Question: he December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. 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 Dec 31, 2021 · The December 31, 2018, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Debits Credits Cash 36,100 Accounts receivable 315,000 Prepaid Dec 31, 2024 · The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Debits Credits Cash $ 63,100 Accounts receivable 260,000 Prepaid rent 6,000 Inventory 37,000 Office equipment 470,000 Accumulated depreciation $ 198,000 Accounts payable 44,000 Notes payable (due in six months) 21,000 Salaries payable 6,200 Interest payable 700 Common stock Dec 31, 2024 · Question: The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Dec 31, 2021 · Question: The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Dec 31, 2024 · To begin the income statement for the year ended December 31, 2024, for the Blueboy Cheese Corporation, start by identifying the total sales revenue from the given adjusted trial balance. Account Title Debits Credits Cash 22,700 Accounts receivable 330,000 Prepaid rent 13,000 Inventory 51,000 Office equipment 610,000 Accumulated depreciation—office equipment 254,000 Dec 31, 2024 · Question: The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Create the necessary closing entries on December 31, 2024. Exercise 2-12 Financial statements and closing entries [LO2-7, 2-8 On this exercise, we are required to prepare the income statement and classified balance sheet of Blueboy Cheese Corporation and record closing entries for the year ending December 31, 2021. xlsx from ACC 2200 at Indiana Institute of Technology. Dec 31, 2024 · Exercise 2-12 (Algo) Financial statements and closing entries [LO2-7, 2-8] The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Debits Credits Cash 57,300 Accounts receivable 280,000 Prepaid Dec 31, 2024 · To start preparing the income statement for Blueboy Cheese Corporation for the year ended December 31, 2024, first list the sales revenue. 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 Dec 31, 2024 · Question: Q1 The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Dec 31, 2015 · The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Prepare the necessary closing entries on December 31,2024. Dec 31, 2024 · The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Credits Debits 55,000 275,000 7,500 40,000 500,000 Account Title Cash Accounts receivable Prepaid rent Inventory Office equipment Accumulated depreciation Accounts payable Notes Question: The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. . 1-b. Dec 31, 2021 · Question: The December 31, 2021. Dec 31, 2021 · The December 31,2021 , adjusted trial balance for the Blueboy Cheese Corporation is presented below. Complete Dec 31, 2024 · Exercise 2-12 (Algo) Financial statements and closing entries [LO2-7, 2-8] The December 31,2024 , adjusted trial balance for the Blueboy Cheese Corporation is presented below. Dec 31, 2021 · Answer to: The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Debits Credits Cash $ 30,700 Accounts receivable 325,000 Prepaid rent 12,500 Inventory 49,000 Office equipment 590,000 Accumulated depreciation $ 246,000 Accounts payable 70,000 Notes payable (due in six months) 57,000 Salaries payable 7,400 Dec 31, 2024 · To start preparing the income statement for Blueboy Cheese Corporation for the year ending December 31, 2024, first identify the revenues (Sales Revenue) and the direct costs associated with producing goods sold (Cost of Goods Sold). Dec 31, 2024 · The December 31,2024 , adjusted trial balance for the Blueboy Cheese Corporation is presented below. Brief Exercise 2-1 Transaction analysis [LO2-1] 2. Account Title Debits Credits Cash $ 21,000 Accounts receivable 300,000 Prepaid rent 10,000 Inventory 50,000 Office equipment 600,000 Accumulated depreciation $ 250,000 Accounts payable 60,000 Notes payable (due in six months) 60,000 Salarie Dec 31, 2024 · The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Debits Credits Cash $ 63,100 Accounts receivable 260,000 Prepaid rent 6,000 Inventory 37,000 Office equipment 470,000 Accumulated depreciation $ 198,000 Accounts payable Dec 31, 2024 · The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. 1-b. Credits Debits 57,700 270,000 7,000 39,000 490,000 Account Title Cash Accounts receivable Prepaid rent Inventory office equipment Accumulated depreciation Accounts payable Notes payable (due in six months) Salaries payable Interest Dec 31, 2024 · The December 31,2024 , adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Debits Credits Cash 55,000 Accounts receivable 275,000 Prepaid rent 7,500 Inventory 40,000 Office equipment 500,000 Accumulated depreciation—office equipment 210,000 Accounts payable 50,000 Note payable (due in six Dec 31, 2024 · Question: WHAT AM I MISSING FROM REQUIRED 2!!!!!The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. The classified balance sheet presented total assets of $761,200, total liabilities of $136,300, and total equity of $624,900 as of the same date. Subscribe to unlock this document and more. Sep 10, 2023 · Prepare an income statement for the year ended December 31, 2024. Credits Debits 57,700 270,000 7,000 39,000 490,000 Account Title Cash Accounts receivable Prepaid rent Inventory Office equipment Accumulated depreciation Accounts Oct 24, 2023 · 7. Dec 31, 2021 · Question: Exercise 2-12 (Algo) Financial statements and closing entries [LO2-7, 2-8] The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Dec 31, 2024 · Exercise 2-12 (Static) Financial statements and closing entries [LO2-7, 2-8] The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Prepare the necessary closing entries on December 31,2024 . Account Title Debits 60,400 265,000 6,500 38,000 4৪0, 000 Credits Cash Accounts receivable Prepaid rent Inventory office equipment Accumulated depreciation Accounts payable Notes payable (due in six months) Salaries payable Interest payable Common stock The December 3 1, 2 0 2 7, adjusted trial balance for the Blueboy Cheese Corporation is presented below. The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Debits Credits Cash 21,000 Accounts receivable 300,000 Prepaid rent 10,000 Inventory 50,000 Office equipment 600,000 Accumulated depreciation 250,000 Accounts payable 60,000 Notes payable (due in six Dec 31, 2021 · The December 31,2021 , adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Debits CreditsCash $ 41,500  Accounts receivable 305,000  Prepaid rent 10,500  Inventory 45,000  Office equipment 550,000  Accumulated depreciation $ 230,000Accounts payable 62,000Notes payable (due in six months) 45,000Salaries Dec 31, 2024 · Exercise 2-12 (Algo) Financial statements and closing entries [LO2-7, 2-8] The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below Required: 1-0. Dec 31, 2021 · The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Complete this question by Dec 31, 2021 · Question: The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Debits Credits Cash 11,900 Accounts receivable 350,000 Prepaid Dec 31, 2024 · Question: The December 31, 2024, 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 Dec 31, 2024 · The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Prepare the necessary closing entries on December 31, 2024 . Create a classified balance sheet as of December 31, 2024. Account Title Debits CreditsCash $ 11,900  Accounts receivable 350,000  Prepaid rent 15,000  Inventory 55,000  Office equipment 650,000  Accumulated depreciation $ 270,000Accounts payable 80,000Notes payable (due in Dec 31, 2021 · BLUEBOY CHEESE CORPORATION Income Statement For the Year Ended December 31, 2021 Reg 1A Reg 1B Reg 2 Prepare a classified balance sheet as of December 31, 2021. Debits Credits Account Title Cash Accounts receivable Prepaid rent Invent Dec 31, 2024 · Question: The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. ThThe December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Credits Debits 51,900 290,000 9,000 43,000 530,000 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 Dec 31, 2024 · Question: The December 31, 2024, 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 Quiz 8 Part 1 quiz accounting for business the december 31, 2024, adjusted trial balance for the blueboy cheese corporation is presented below. Account Answered step-by-step Solved by verified expert Imperial Valley College Dec 31, 2021 · Question: The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Create an income statement for the year ended December 31, 2024. Credits Debits 49,200 295,000 9,500 44,000 540,000 Account Title Cash Accounts receivable Prepaid rent Inventory office equipment Accumulated depreciation Accounts payable Notes payable (due in six months) Salaries payable Interest Dec 31, 2021 · On this exercise, we are required to prepare the income statement and classified balance sheet of Blueboy Cheese Corporation and record closing entries for the year ending December 31, 2021. Credits Debits 57,700 270,000 7,000 39,000 490,000 Account Title Cash Accounts receivable Prepaid rent Inventory Office equipment Accumulated depreciation Accounts payable Notes payable (due in six months) Salaries payable Interest Dec 31, 2024 · The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Question: The December 31, 2027, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Credits Account Title Debits Cash $ 57,700 270,000 Accounts receivable Prepaid rent 7,000 39,000 490,000 Inventory Office equipment Accumulated depreciation $ 206,020 45,000 Accounts payable Notes payable (due in six months) 27,000 Dec 31, 2021 · Question: The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Prepare a classified balance sheet as of December 31, 2024. he December 31, 2027, adjusted trial balance for the Blueboy Cheese Corporation is presented below. The December 3 1, 2 0 2 7, adjusted trial balance for the Blueboy Cheese Corporation is presented below. 2. Prepare an income statement for the year ended December 31, 2024. mfl peaea vpw3 yzb rrsz5 edasm fg0boz ih5lqz p4pzpf jhkm5