Nybrostrand Company’s Balance Sheet Essay

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Nybrostrand Company’s Balance Sheet

Nybrostrand Company

Balance Sheet. As of December 31, 2014.

AssetsLiabilities
Current AssetsCurrent Liabilities
Cash30,000Accounts payable438,000
Accounts Receivable36,500438,000
Inventory76,500Long Term Liabilities
143,000Long-term debt127,000
Fixed Assets127,000
Equipment415,000Owners’ Equity
Land400,000Retained earnings146,150
815,000Common Stock40,000
Paid-in capital200,000
386,150
Total Assets958,000Total Liabilities and Owners’ Equity565,000

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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IvyPanda. (2022, April 21). Nybrostrand Company’s Balance Sheet. https://ivypanda.com/essays/nybrostrand-companys-balance-sheet/

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IvyPanda. 2022. "Nybrostrand Company’s Balance Sheet." April 21, 2022. https://ivypanda.com/essays/nybrostrand-companys-balance-sheet/.

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IvyPanda. "Nybrostrand Company’s Balance Sheet." April 21, 2022. https://ivypanda.com/essays/nybrostrand-companys-balance-sheet/.

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