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

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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Presented below is the trial balance of Marigold 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 Patents Retained Earnings Balance (before Net Income) Paid-in Capital in Excess of Par Totals Debit $200,620 157,760 4,800,000 302.620 280.620 W 2,004,760 264,760 1,043,620 439,760 903,470 214.470 600.620 604,760 160,000 195,760 195,000 $12,368,600 Credit $8,104,760 94,760 459,760 66,470 139,620 100,760 152,000 29.760 83,470 903,620 1,003,620 60,000 1,004,760 81,620 83,620 $12.368.600 Prepare a balance sheet at December 31, 2025, for Marigold 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) HARIGOLD CORPORATION Balance Sheet Assets
Transcribed Image Text:Presented below is the trial balance of Marigold 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 Patents Retained Earnings Balance (before Net Income) Paid-in Capital in Excess of Par Totals Debit $200,620 157,760 4,800,000 302.620 280.620 W 2,004,760 264,760 1,043,620 439,760 903,470 214.470 600.620 604,760 160,000 195,760 195,000 $12,368,600 Credit $8,104,760 94,760 459,760 66,470 139,620 100,760 152,000 29.760 83,470 903,620 1,003,620 60,000 1,004,760 81,620 83,620 $12.368.600 Prepare a balance sheet at December 31, 2025, for Marigold 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) HARIGOLD CORPORATION Balance Sheet Assets
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