Below find the trial balance for Nybrostrand Company. Prepare an income statement and balance sheet in good format based on Formats of Financial Statements (Presentations). 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.
|Trial Balance (accounts in alphabetical order)|
|Accounts payable||$ 78,000|
|Accounts receivable||$ 36,500|
|Cost of goods sold||307,000|
|Equipment (net of depreciation)||415,000|
SLP Assignment Expectations
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.
When your paper is done, send it in.