Please do not give solution in image format thanku Presented below is the trial balance of Larkspur Corporation at December 31, 2025.CashSales RevenueDebt Investments (trading) (at cost, $145,000)Cost of Goods SoldDebt Investments (long-term)Equity Investments (long-term)Notes Payable (short-term)Accounts PayableSelling ExpensesInvestment RevenueLandBuildingsDividends PayableAccrued LiabilitiesAccounts ReceivableAccumulated Depreciation-BuildingsDebit$200,300154,3504,800,000302,300280,3002,001,350261,3501,043,300436,350Credit$8,101,35091,350456,35064,630139,30097,350152.000 Accounts ReceivableAccumulated Depreciation-BuildingsAllowance for Doubtful AccountsAdministrative ExpensesInterest ExpenseInventoryGainNotes Payable (long-term)EquipmentBonds PayableAccumulated Depreciation-EquipmentFranchisesCommon Stock ($5 par)Treasury StockPatentsRetained Earnings Balance (before Net Income)Paid-in Capital in Excess of ParTotalsRetained Earnings Balance (before Net Income)Paid-in Capital in Excess of ParTotals436,350$12,342,860901,630212,630600,300601,350160,000192,350195,000$12,342,86081,30083,300$12,342,860152,00026,35081,630Assets903,3001,003,30060,0001,001,350$12,342,86081,30083,300Prepare a balance sheet at December 31, 2025, for Larkspur Corporation. (Ignore income taxes). (List Current Assets in order of liquidityList Property, Plant, and Equipment in order of Land, Buildings, and Equipment. Enter account name only and do not provide the descriptiveinformation provided in the question)LARKSPUR CORPORATIONBalance Sheet

Balance sheet - it is the financial statement prepared at the end of the period of the year. it is…

Prepare a balance sheet at December 31, 2025, for Larkspur 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)

Prepare a balance sheet at December 31, 2025, for Larkspur 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)

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 15MC: Which of the following is not a way to manage earnings? A. Change the method for bad debt...

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