Nybrostrand Company’s Balance Sheet

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Nybrostrand Company’s Balance Sheet

Nybrostrand Company

Balance Sheet. As of December 31, 2014.

Assets Liabilities
Current Assets Current Liabilities
Cash 30,000 Accounts payable 438,000
Accounts Receivable 36,500 438,000
Inventory 76,500 Long Term Liabilities
143,000 Long-term debt 127,000
Fixed Assets 127,000
Equipment 415,000 Owners’ Equity
Land 400,000 Retained earnings 146,150
815,000 Common Stock 40,000
Paid-in capital 200,000
386,150
Total Assets 958,000 Total Liabilities and Owners’ Equity 565,000

The balance sheet indicates that the company’s assets are more than its liabilities. The business transactions are healthy for the business. The debt that Nybrostrand has taken from the bank may be a short term loan as the company prepares to build in the acquired land.

Works Cited

Arif, Naeem and Sheikh Tauseef. SAP ERP Financials. Boston, MA: Galileo Press, 2011. Print.

Epstein, Lita. The Business Owner’s Guide to Reading and Understanding Financial Statements. Hoboken, NJ: Wiley, 2012. Print.

Gilert, Gillian. Sage 50 Accounts 2012. Southam, UK: In Easy Steps Limited, 2012. Print.

Jones, Peter and John Burger. Configuring SAP ERP Financials and Controlling. Hoboken, NJ: Wiley, 2009. Print.

Tracy, John A and Colin Barrow. Understanding Business Accounting for Dummies. Hoboken: John Wiley & amp; Sons, 2011. Print.

Yadav, Ranjeet. Oracle Peoplesoft Enterprise Financial Management 9.1 Implementation. Birmingham, UK: Packt Pub., 2011. Print.

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