Additional information added in Module 2 One client 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 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) Debit Credit Accounts payable $ 78,000 Accounts receivable $ 36,500 Cash 30,000 Common stock 10,000 Depreciation expense 24,350 Cost of goods sold 307,000 Equipment (net of depreciation) 415,000 Insurance 1,400 Inventory 34,000 Long term debt 127,000 Marketing 4,500 Paid in capital 50,000 Property taxes 16,900 Rent 28,000 Retained earnings Revenues 586,000 Salaries 78,500 Utilities 6,700 Total 982,850 982,850 SLP Assignment Expectations Prepare a balance sheet for the company in good format Include the name of the company Date Line up numbers (right justify) Underline subtotals and totals Do not abbreviate name of accounts Excel is recommened 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 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

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Additional information added in Module 2 One client indicated that they were interested in purchasing $42,500 worth of products. However, the client has not actually

Additional information added in Module 2

One client 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.

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)
Debit	Credit
Accounts payable	$ 78,000
Accounts receivable	$ 36,500
Cash	30,000
Common stock	10,000
Depreciation expense	24,350
Cost of goods sold	307,000
Equipment (net of depreciation)	415,000
Insurance	1,400
Inventory	34,000
Long-term debt	127,000
Marketing	4,500
Paid-in capital	50,000
Property taxes	16,900
Rent	28,000
Retained earnings	?
Revenues	586,000
Salaries	78,500
Utilities	6,700
Total	982,850	982,850

SLP Assignment Expectations

Prepare a balance sheet for the company in good format:

Include the name of the company
Date
Line up numbers (right-justify)
Underline subtotals and totals
Do not abbreviate name of accounts
Excel is recommened

. 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.

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.