ACC2_M1_S1
jayz1974
acc2_m1s1_statements_formats.docxNybrostrand Company
Income Statement
For the year ended December 31, 2014
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Account |
Debit |
Credit |
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Revenue |
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586,000 |
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Cost of goods sold |
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Gross Profit |
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Expenses |
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Marketing |
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Depreciation Expense |
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Insurance |
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Property taxes |
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Rent |
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Salaries |
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Utilities |
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Net Profit |
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Nybrostrand Company
Balance Sheet
As of December 31, 2014
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Assets |
Liabilities |
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Current Assets |
Current Liabilities |
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Cash |
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Accounts payable |
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Accounts Receivable |
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Inventory |
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Long Term Liabilities |
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Long-term debt |
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Fixed Assets |
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Equipment |
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Owners’ Equity |
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Land |
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Retained earnings |
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Common Stock |
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Paid-in capital |
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Total Assets |
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Total Liabilities and Owners’ Equity |
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