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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 torm! Debit $201,670 157,230 4,800,000 303,670 281 670 Credit $8,104,230

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 torm! Debit $201,670 157,230 4,800,000 303,670 281 670 Credit $8,104,230

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 Paid-in Capital in Excess of Par Totals Debit $201,670 157,230 4,800,000 303,670 281,670 2,004,230 264,230 1,044,670 439,230 901,770 212.770 601,670 604,230 160,000 195,230 195,000 $12,367,270 Credit $8,104,230 94,230 459,230 64,770 140,670 100,230 152,000 29,230 81,770 904,670 1,004,670 60,000 1,004,230 82,670 84,670 $12,367,270 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.)
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 Paid-in Capital in Excess of Par Totals Debit $201,670 157,230 4,800,000 303,670 281,670 2,004,230 264,230 1,044,670 439,230 901,770 212.770 601,670 604,230 160,000 195,230 195,000 $12,367,270 Credit $8,104,230 94,230 459,230 64,770 140,670 100,230 152,000 29,230 81,770 904,670 1,004,670 60,000 1,004,230 82,670 84,670 $12,367,270 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.)
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