Reference no: EM131202200
The following are the accounts and balances for XYZ Inc as of December 31, 2015
Accounts payable 1,577
Accounts Receivable 2,170
Capital Stock (Beginning) 861
Cash 269
Dividends 98
Goodwill 1,729
Income tax expense 152
Interest expense 213
Inventories 653
Long-term debt 3,427
Loss on debt extinguishment 76
Marketable securities to be sold in 3 months 83
Other expense 9
Other intangible assets 459
Other noncurrent assets 393
Other noncurrent liabilities 450
Prepaid insurance 232
Products cost of sales 5,571
Products net sales 7,147
Property, plant and equipment 1,580
Restructuring expense 88
Retained Earnings (Beginning) 831
Retirement Liabilities 177
Salaries and Interest Payable 862
Selling, general and administrative expenses 990
Services cost of sales 1,080
Services net sales 1,387
Short-term debt 333
Unearned Revenue 180
Create a trial balance using the accounts and balances given above – assume all accounts have a normal balance.
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: The following are the accounts and balances for XYZ Inc as of December 31, 2015. Create a trial balance using the accounts and balances given above – assume all accounts have a normal balance.
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