A comparative balance for Shabbon Corporation is presented as follows. Debit Credit Cash $197,000 Sales revenue $8,100,000 Debt Investments (trading) (at cost, $145,000) 153,000 Cost of Goods sold 4,800,000 Debt investments (long-term) 299,000 Equity Investments (long-term) 277,000 Notes Payable (short-term) 90,000 Accounts Payable 455,000 Selling Expenses 2,000,000 Investment Revenue 63,000 Land 260,000 Buildings 1,040,000 Dividends Payable 136,000 Accrued Liabilities 96,000 Accounts Receivable 435,000 Accumulated Depreciation-Buildings 152,000 Allowance for doubtful accounts 25,000 Administrative Expenses 900,000 Interest Expense 211,000 Inventory 597,000 Gain 80,000 Notes Payable (long-term) 900,000 Equipment 600,000 Bonds Payable 1,000,000 Accumulated Depreciation-Equipment 60,000 Franchises 160,000 Common Stock ($5 par) 1,000,000 Treasury Stock 191,000 Patents 195,000 Retained Earnings Balance (before Net Income) 78,000 Paid in Capital in Excess of Par 80,000 Total $12,315,000 $12,315,000 Prepare a balance sheet at December 31, 2025, for Scott Butler Corporation. (Ignore income taxes). (List Current Assets in order of liquidity. List Property, Plant, and Equipment in Order of Land, Buildings, and Equipment. Enter account name only and do not provide the descriptive information provided in the question).
A comparative balance for Shabbon Corporation is presented as follows.
Debit Credit
Cash $197,000
Sales revenue $8,100,000
Debt Investments (trading) (at cost, $145,000) 153,000
Cost of Goods sold 4,800,000
Debt investments (long-term) 299,000
Equity Investments (long-term) 277,000
Notes Payable (short-term) 90,000
Accounts Payable 455,000
Selling Expenses 2,000,000
Investment Revenue 63,000
Land 260,000
Buildings 1,040,000
Dividends Payable 136,000
Accrued Liabilities 96,000
Allowance for doubtful accounts 25,000
Administrative Expenses 900,000
Interest Expense 211,000
Inventory 597,000
Gain 80,000
Notes Payable (long-term) 900,000
Equipment 600,000
Bonds Payable 1,000,000
Accumulated Depreciation-Equipment 60,000
Franchises 160,000
Common Stock ($5 par) 1,000,000
Patents 195,000
Paid in Capital in Excess of Par 80,000
Total $12,315,000 $12,315,000
Prepare a
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