final course project

ACCT550__Course_Project_Template.xlsx

Income Statement

		NEW Y0RK TRADERS INC.
		Multi-Step Income Statement
		For the Period of January 1 - December 31,2016
	Gross Profit
	Operating Income
	Income from continuing operations
	Net Income
		NEW Y0RK TRADERS INC.
		Statement of Retained Earnings
		For the Period of January 1 - December 31,2016
	Beginning Balance
	Net Income
	Ending Balance

		New York Traders Inc.
		Balance Sheet
		As Of December 31, 2016
Current Assets:			Current Liabilibities:
	Total Current Assets
Long-term Investments:					Total Current Liabilities
	Total Long-term Investments		Long-term Liabilities:
				Mortgages Payable
Property, Plant and Equipment:				`3% Bonds Payable
					Total Long-term Liabilities
					Total Liabilities
	Total P, P, & E
			Stockholders' Equity:
Goodwill:				Capital Stock
	Total Goodwill
Intangible Assets:
					Total Capital Stock
	Total Intangible Assets			Retained Earnings
Other Assets:					Total Equity
	Total Other Assets
	Total Assets			Total Equity and Liabilities

1	Sales Revenue	5	Inventory
2	Cost of Goods Sold (LIFO)
		6	Accounts Payable
3	Interest Expense
		7	Cash balance
4	Bad debts expense
		8	Cash Proceeds receiced from sale of Chicago store
		9	Income Tax Payable
		10	Building and Equipment
		11	Accumulated Depreciation