MGMT 5123 Week 1: Prepare a balance sheet and income statements for TNT, Inc.
MGMT 5123 Week 1 MyFinanceLab Assignment
P3-13 (Reviewing financial statements) Prepare a balance sheet and income statements for TNT, Inc. From the scrambled list of items found here…
- Prepare an income statement for TNT Inc
- Prepare a balance sheet for TNT Inc.
- What can you say about the firm’s financial condition based on these financial statements?
| Depreciation expense | 98,200 |
| Cash | 337,300 |
| Long-term debt | 501,400 |
| Sales | 859,100 |
| Accounts Payable | 153,000 |
| General and Administrative expenses | 117,600 |
| Buildings and equipments | 1,343,000 |
| Notes payable | 111,500 |
| Accounts Receivable | 251.470 |
| Interest expense | 7,220 |
| Accrued Expenses | 11,750 |
| Common Stock | 433,100 |
| Cost of goods sold | 445,900 |
| Inventory | 148,355 |
| Taxes | 75,605 |
| Accumulated depreciation | 395,300 |
| Taxes payable | 21,350 |
| Retained Earnings | 452,725 |
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Course: MGMT 5123 Finance & Accounting for Non Finance Managers
School: Southern Wesleyan University
- 17/10/2017
- 15