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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
SLP Assignment Expectations
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.
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