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\nVisit Below Link, To Download This Course:\n\nhttps://www.tutorialsservice.net/product/acc-201-module-2-slp-latest-trident/\n\nOr \nEmail us on\nSUPPORT@TUTORIALSSERVICE.NET\n\nACC 201 Module 2 SLP Latest-Trident\nACC201\nACC 201 Module 2 SLP Latest-Trident\nModule 2 – SLP\nINCOME STATEMENT\nWe are using the same company as in the first module. However, you need to consider some additional information.\nOne client had indicated that they were interested in purchasing $42,500 worth of products, so the bookkeeper recorded the transaction. However, the client has not actually committed to the purchase.\n

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acc 201 module 2 slp latest trident

ACC 201 MODULE 2 SLP LATEST-TRIDENT

Visit Below Link, To Download This Course:

https://www.tutorialsservice.net/product/acc-201-module-2-slp-latest-trident/

Or

Email us on

SUPPORT@TUTORIALSSERVICE.NET

ACC 201 Module 2 SLP Latest-Trident

ACC201

ACC 201 Module 2 SLP Latest-Trident

Module 2 – SLP

INCOME STATEMENT

We are using the same company as in the first module. However, you need to consider some additional information.

One client had indicated that they were interested in purchasing $42,500 worth of products, so the bookkeeper recorded the transaction. However,

the client has not actually committed to the purchase.

The bookkeeper already corrected the sales account. However, the bookkeeper may have made a mistake when computing cost of goods sold.

She included total production costs for 2014 and did not adjust ending inventory for the $42,500 worth of units left at the end of the year. The

amount of ending inventory was determined using a physical count.

nybrostrand company 31 dec 14 trial balance

Nybrostrand Company

31-Dec-14

Trial Balance (accounts in alphabetical order)

Accounts payable

Accounts receivable

Cash

Common stock

Depreciation expense

Cost of goods sold

Equipment (net of depreciation)

Insurance

Inventory

Long-term debt

Marketing

Paid-in capital

Property taxes

Rent

Retained earnings

Revenues

Salaries

Utilities

Total

Debit

$ 36,500

30,000

24,350

307,000

415,000

1,400

34,000

4,500

16,900

28,000

78,500

6,700

982,850

Credit

$ 78,000

10,000

127,000

50,000

?

586,000

982,850

SLP Assignment Expectations

Prepare an income statement for the company in good format. Always include the name of the company and the period covered in the title. Don’t

forget dollar signs where appropriate. You do not need to include the balance sheet. Consequently, you will not need all the accounts listed above.

How does the income or loss compare to the original income statement? Explain the importance of the matching concept.

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

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