FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Included in Sarasota Company's December 31, 2025, trial balance are the following accounts: Prepaid
Rent $5,290, Debt Investments (to be held to maturity until 2028) $73,600, Unearned Fees $23,500,
Land (held for investment) $42,000, and Notes Receivable (long-term) $55,400.
Prepare the long-term investments section of the balance sheet. (Enter account name only and do not
provide the descriptive information provided in the question.)
Long-term Liabilities
Total Long-term Liabilities
SARASOTA COMPANY
Balance Sheet (Partial)
December 31, 2025
$
tA
$
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Transcribed Image Text:Included in Sarasota Company's December 31, 2025, trial balance are the following accounts: Prepaid Rent $5,290, Debt Investments (to be held to maturity until 2028) $73,600, Unearned Fees $23,500, Land (held for investment) $42,000, and Notes Receivable (long-term) $55,400. Prepare the long-term investments section of the balance sheet. (Enter account name only and do not provide the descriptive information provided in the question.) Long-term Liabilities Total Long-term Liabilities SARASOTA COMPANY Balance Sheet (Partial) December 31, 2025 $ tA $
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