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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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V 2
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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