income statement

income statementBelow 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-12Trial Balance (accounts in alphabetical order)Debit CreditAccounts payable $ 78,000Accounts receivable $ 36,500Cash 30,000Common stock 10,000Depreciation expense 24,350Cost of goods sold 307,000Equipment (net of depreciation) 415,000Insurance 1,400Inventory 34,000Long-term debt 127,000Marketing 4,500Paid-in capital 50,000Property taxes 16,900Rent 28,000Retained earnings ?Revenues 586,000Salaries 78,500Utilities 6,700Total 982,850 851,000!

Unlike most other websites we deliver what we promise;

  • Our Support Staff are online 24/7
  • Our Writers are available 24/7
  • Most Urgent order is delivered with 6 Hrs
  • 100% Original Assignment Plagiarism report can be sent to you upon request.

GET 15 % DISCOUNT TODAY use the discount code PAPER15 at the order form.

Type of paper Academic level Subject area
Number of pages Paper urgency Cost per page:
 Total: