The following are the accounts and balances for xyz inc as


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.

Request for Solution File

Ask an Expert for Answer!!
Financial Accounting: The following are the accounts and balances for xyz inc as
Reference No:- TGS01584370

Expected delivery within 24 Hours