ACC 201 MODULE 3 SLP LATEST-TRIDENT

1. ACC 201 MODULE 3 SLP LATEST-TRIDENT Visit Below Link, To Download This Course: https://www.tutorialsservice.net/product/acc-201-module-3-slp-latest-trident/ Or Email us on SUPPORT@TUTORIALSSERVICE.NET ACC 201 Module 3 SLP Latest-Trident ACC201 ACC 201 Module 3 SLP Latest-Trident Module 3 – SLP BALANCE SHEET We’re continuing to analyze the same company as in modules 1 and 2. Additional information added in module 2  One client had indicated that they were interested in purchasing $42,500 worth of products. 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. 

2. Additional information for module 3     The company made a secondary offering of stock and raised an additional $180,000 which includes $150,000 of Paid-in Capital. The company had already paid $15,000 in dividends before deciding on the offering. The company now has cash to invest in a piece of raw land on which to build in the future. The investment takes place before year end. The cost of the land is $400,000, the down payment is $40,000 and a note to the bank covers the rest. 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 a balance sheet for the company in good format. Update the balance sheet for the changes to income in module 2 and also consider the effect of paying the dividend. You do not need to include the income statement.

3. 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. . trident.edu/privacy-policy”>Priv Download Now