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E4.12 (LO 1) (Preparation of a Balance Sheet) Presented below is the trial balance of Scott Butler Corporation at December 31, 2025. Cash Sales Revenue Debt Investments (trading) (at cost, $145,000) Cost of Goods Sold Debt Investments (long- term) Equity Investments (long-term) Notes Payable (short- term) Accounts Payable Selling Expenses Investment Revenue Land Buildings Dividends Payable Accrued Liabilities Accounts Receivable Accumulated Depreciation Buildings Allowance for Doubtful Accounts Administrative Expenses Interest Expense Inventory Gain Notes Payable (long- term) Equipment Bonds Payable Accumulated Depreciation Equipment Franchises Common Stock ($5 par) Treasury Stock Debit $ 197,000 153,000 4,800,000 299,000 277,000 2,000,000 260,000 1,040,000 435,000 900,000 211,000 597,000 600,000 160,000 191,000 Credit $ 8,100,000 90,000 455,000 63,000 136,000 96,000 152,000 25,000 80,000 900,000 1,000,000 60,000 1,000,000

E4.12 (LO 1) (Preparation of a Balance Sheet) Presented below is the trial balance of Scott Butler Corporation at December 31, 2025. Cash Sales Revenue Debt Investments (trading) (at cost, $145,000) Cost of Goods Sold Debt Investments (long- term) Equity Investments (long-term) Notes Payable (short- term) Accounts Payable Selling Expenses Investment Revenue Land Buildings Dividends Payable Accrued Liabilities Accounts Receivable Accumulated Depreciation Buildings Allowance for Doubtful Accounts Administrative Expenses Interest Expense Inventory Gain Notes Payable (long- term) Equipment Bonds Payable Accumulated Depreciation Equipment Franchises Common Stock ($5 par) Treasury Stock Debit $ 197,000 153,000 4,800,000 299,000 277,000 2,000,000 260,000 1,040,000 435,000 900,000 211,000 597,000 600,000 160,000 191,000 Credit $ 8,100,000 90,000 455,000 63,000 136,000 96,000 152,000 25,000 80,000 900,000 1,000,000 60,000 1,000,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Treasury Stock Patents Retained Earnings Paid-in Capital in Excess of Par Totals 191,000 195,000 78,000 80,000 $12,315,000 $12,315,000 Instructions Prepare a balance sheet at December 31, 2025, for Scott Butler Corporation. (Ignore income taxes.)
Transcribed Image Text:Treasury Stock Patents Retained Earnings Paid-in Capital in Excess of Par Totals 191,000 195,000 78,000 80,000 $12,315,000 $12,315,000 Instructions Prepare a balance sheet at December 31, 2025, for Scott Butler Corporation. (Ignore income taxes.)
E4.12 (LO 1) (Preparation of a Balance Sheet) Presented below is the trial balance of Scott Butler Corporation at December 31, 2025. Cash Sales Revenue Debt Investments (trading) (at cost, $145,000) Cost of Goods Sold Debt Investments (long- term) Equity Investments (long-term) Notes Payable (short- term) Accounts Payable Selling Expenses Investment Revenue Land Buildings Dividends Payable Accrued Liabilities Accounts Receivable Accumulated Depreciation—Buildings Allowance for Doubtful Accounts Administrative Expenses Interest Expense Inventory Gain Notes Payable (long- term) Equipment Bonds Payable Accumulated Depreciation- Equipment Franchises Common Stock ($5 par) Treasury Stock Debit $ 197,000 153,000 4,800,000 299,000 277,000 2,000,000 260,000 1,040,000 435,000 900,000 211,000 597,000 600,000 160,000 191,000 Credit $ 8,100,000 90,000 455,000 63,000 136,000 96,000 152,000 25,000 80,000 900,000 1,000,000 60,000 1,000,000
Transcribed Image Text:E4.12 (LO 1) (Preparation of a Balance Sheet) Presented below is the trial balance of Scott Butler Corporation at December 31, 2025. Cash Sales Revenue Debt Investments (trading) (at cost, $145,000) Cost of Goods Sold Debt Investments (long- term) Equity Investments (long-term) Notes Payable (short- term) Accounts Payable Selling Expenses Investment Revenue Land Buildings Dividends Payable Accrued Liabilities Accounts Receivable Accumulated Depreciation—Buildings Allowance for Doubtful Accounts Administrative Expenses Interest Expense Inventory Gain Notes Payable (long- term) Equipment Bonds Payable Accumulated Depreciation- Equipment Franchises Common Stock ($5 par) Treasury Stock Debit $ 197,000 153,000 4,800,000 299,000 277,000 2,000,000 260,000 1,040,000 435,000 900,000 211,000 597,000 600,000 160,000 191,000 Credit $ 8,100,000 90,000 455,000 63,000 136,000 96,000 152,000 25,000 80,000 900,000 1,000,000 60,000 1,000,000
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