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ACC - Nybrostrand Company




Question;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 Company31-Dec-11Trial Balance (accounts in alphabetical order);Debit CreditAccounts payable $ 67,000Accounts receivable $ 24,500Cash 16,700Common stock 10,000Depreciation expense 24,350Cost of goods sold 254,000Equipment (net of depreciation) 425,000Insurance 1,400Inventory 25,000Long-term debt 145,000Marketing 4,500Paid-in capital 90,000Property taxes 8,900Rent 18,000Retained earnings?Revenues 456,000Salaries 67,500Utilities 6,700;Total 876,550 768,000


Paper#44260 | Written in 18-Jul-2015

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