Blue Lagoon Company provides the following information at the end of 2024. Cash remaining Rent expense for the year Land that has been purchased Retained earnings Utility expense for the year Accounts receivable from customers Service revenue recognized during the year Salary expense for the year Accounts payable to suppliers Dividends paid to shareholders during the year Common stock that has been issued prior to 2924 Salaries owed at the end of the year Insurance expense for the year Retained earnings at the beginning of the year No common stock is issued during 2024. $4,200 6,400 21,000 11,800 6,600 34,000 12,780 1,900 2,600 16,000 2,100 2,900 6,780 Required: 1. Prepare the income statement for Blue Lagoon Company on December 31, 2024. 2. Prepare the statement of stockholders' equity for Blue Lagoon Company on December 31, 201 3. Prepare the balance sheet for Blue Lagoon Company on December 31, 2024.
Blue Lagoon Company provides the following information at the end of 2024. Cash remaining Rent expense for the year Land that has been purchased Retained earnings Utility expense for the year Accounts receivable from customers Service revenue recognized during the year Salary expense for the year Accounts payable to suppliers Dividends paid to shareholders during the year Common stock that has been issued prior to 2924 Salaries owed at the end of the year Insurance expense for the year Retained earnings at the beginning of the year No common stock is issued during 2024. $4,200 6,400 21,000 11,800 6,600 34,000 12,780 1,900 2,600 16,000 2,100 2,900 6,780 Required: 1. Prepare the income statement for Blue Lagoon Company on December 31, 2024. 2. Prepare the statement of stockholders' equity for Blue Lagoon Company on December 31, 201 3. Prepare the balance sheet for Blue Lagoon Company on December 31, 2024.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 11P: Net Income and Comprehensive Income At the beginning of 2019, JR Companys shareholders equity was as...
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