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ACCT/382 ACCT382 ACCT 382 Week 2 Chapter 2 Homework Question 6

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ACCT 382 Week 2 Chapter 2 Homework Question 6 There may be chances that the figures given in our question and your question doesn’t matches. Don’t worry, we are here to help you. Just write to us at studentwhiz@gmail.com and your answer is with you in no time. Question 6 The December 31, 2013, 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 Equipment 600,000 Accumulated depreciation—equipment 250,000 Accounts payable 60,000 Note payable (due in six months) 60,000 Salaries payable 8,000 Interest payable 2,000 Common stock 400,000 Retained earnings 100,000 Sales revenue 800,000 Cost of goods sold 480,000 Salaries expense 120,000 Rent expense 30,000 Depreciation expense 60,000 Interest expense 4,000 Advertising expense 5,000 Totals 1,680,000 1,680,000

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