Blue Lagoon Company provides the following information at the end of 2024. Cash remaining $3,700 Rent expense for the year 5,900 Land that has been purchased 19,000 Retained earnings 11,300 Utility expense for the year 3,800 Accounts receivable from customers 6,100 Service revenue recognized during the year 31,500 Salary expense for the year 12,200 Accounts payable to suppliers 1,650 Dividends paid to shareholders during the year 2,100 Common stock that has been issued prior to 2024 14,000 Salaries owed at the end of the year 1,850 Insurance expense for the year 2,400 Retained earnings at the beginning of the year 6,200 No common stock is issued during 2024. Prepare the statement of stockholders’ equity for Blue Lagoon Company on December 31, 2024.
Blue Lagoon Company provides the following information at the end of 2024. Cash remaining $3,700 Rent expense for the year 5,900 Land that has been purchased 19,000 Retained earnings 11,300 Utility expense for the year 3,800 Accounts receivable from customers 6,100 Service revenue recognized during the year 31,500 Salary expense for the year 12,200 Accounts payable to suppliers 1,650 Dividends paid to shareholders during the year 2,100 Common stock that has been issued prior to 2024 14,000 Salaries owed at the end of the year 1,850 Insurance expense for the year 2,400 Retained earnings at the beginning of the year 6,200 No common stock is issued during 2024. Prepare the statement of stockholders’ equity for Blue Lagoon Company on December 31, 2024.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Blue Lagoon Company provides the following information at the end of 2024.
| Cash remaining | $3,700 |
|---|---|
| Rent expense for the year | 5,900 |
| Land that has been purchased | 19,000 |
| 11,300 | |
| Utility expense for the year | 3,800 |
| 6,100 | |
| Service revenue recognized during the year | 31,500 |
| Salary expense for the year | 12,200 |
| Accounts payable to suppliers | 1,650 |
| Dividends paid to shareholders during the year | 2,100 |
| Common stock that has been issued prior to 2024 | 14,000 |
| Salaries owed at the end of the year | 1,850 |
| Insurance expense for the year | 2,400 |
| Retained earnings at the beginning of the year | 6,200 |
No common stock is issued during 2024.
- Prepare the statement of
stockholders’ equity for Blue Lagoon Company on December 31, 2024.
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