Additional information added in module 2
Additional information for module 3
Nybrostrand Company |
||
31-Dec-14 |
||
Trial Balance (accounts in alphabetical order) |
||
|
Debit |
Credit |
Accounts payable |
|
$ 78,000 |
Accounts receivable |
$ 36,500 |
|
Cash |
30,000 |
|
Common stock |
|
10,000 |
Depreciation expense |
24,350 |
|
Cost of goods sold |
307,000 |
|
Equipment (net of depreciation) |
415,000 |
|
Insurance |
1,400 |
|
Inventory |
34,000 |
|
Long-term debt |
|
127,000 |
Marketing |
4,500 |
|
Paid-in capital |
|
50,000 |
Property taxes |
16,900 |
|
Rent |
28,000 |
|
Retained earnings |
|
? |
Revenues |
|
586,000 |
Salaries |
78,500 |
|
Utilities |
6,700 |
|
|
|
|
Total |
982,850 |
982,850 |
Prepare a balance sheet for the company in good format. Update the balance sheet for the changes to income in module 2 and also consider the effect of paying the dividend. You do not need to include the income statement.
The submission should be 2 to 4 pages and need to include answers to all the questions listed above. Show computations, discuss the results and include references in APA format
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