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Category > Accounting Posted 21 Apr 2017 My Price 3.00

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

  

$ 78,000

Accounts receivable

$ 36,500

  

Cash

16,700

  

Common stock

  

10,000
 
 

Answers

Alpha Geek
(8)
Status NEW Posted 21 Apr 2017 11:04 AM My Price 3.00

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Attachments

file 1492775331-Nybrostrand Company.docx preview (137 words )
S-----------olu-----------tio-----------n: ----------- N-----------ybr-----------ost-----------ran-----------d C-----------omp-----------any-----------, ----------- 3-----------1-D-----------ec------------11 -----------Inc-----------ome----------- St-----------ate-----------men-----------t R-----------eve-----------nue-----------s 5-----------86,-----------000----------- le-----------ss -----------Cos-----------t o-----------f g-----------ood-----------s s-----------old----------- 27-----------4,5-----------00 -----------(31-----------700-----------0 l-----------ess----------- 42-----------500-----------) G-----------ros-----------s P-----------rof-----------it -----------311-----------,50-----------0 S-----------ala-----------rie-----------s 7-----------8,5-----------00 -----------Uti-----------lit-----------ies----------- 6,-----------700----------- Re-----------nt -----------28,-----------000----------- Pr-----------ope-----------rty----------- ta-----------xes----------- 16-----------,90-----------0 M-----------ark-----------eti-----------ng -----------4,5-----------00 -----------Ins-----------ura-----------nce----------- 1,-----------400----------- De-----------pre-----------cia-----------tio-----------n e-----------xpe-----------nse----------- 24-----------,35-----------0 l-----------ess----------- To-----------tal----------- Op-----------era-----------tin-----------g E-----------xpe-----------nse-----------s 1-----------60,-----------350----------- Op-----------era-----------tin-----------g I-----------nco-----------me -----------151-----------,15-----------0 T-----------he -----------com-----------pan-----------y i-----------s o-----------per-----------ati-----------ng -----------goo-----------d i-----------n t-----------he -----------ind-----------ust-----------ry -----------as -----------the----------- op-----------era-----------tin-----------g m-----------arg-----------in -----------is -----------mor-----------e t-----------han----------- 25-----------%
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