Not a member of Pastebin yet?
Sign Up,
it unlocks many cool features!
- Download: http://solutionzip.com/downloads/nybrostrand-company/
- Below find the trial balance for Nybrostrand Company.
- Prepare an income statement and balance sheet in good format. After you have completed the two statements comment on the success of the company. Support your answer with information from the financial statements you just prepared.
- Nybrostrand Company
- 31-Dec-11
- Trial Balance (accounts in alphabetical order)
- Debit Credit
- Accounts payable $ 67,000
- Accounts receivable $ 24,500
- Cash 16,700
- Common stock 10,000
- Depreciation expense 24,350
- Cost of goods sold 254,000
- Equipment (net of depreciation) 425,000
- Insurance 1,400
- Inventory 25,000
- Long-term debt 145,000
- Marketing 4,500
- Paid-in capital 90,000
- Property taxes 8,900
- Rent 18,000
- Retained earnings ?
- Revenues 456,000
- Salaries 67,500
- Utilities 6,700
- Total 876,550 768,000
- Download: http://solutionzip.com/downloads/nybrostrand-company/
Add Comment
Please, Sign In to add comment