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 $198,550 154,220 4,800,000 300,550 278,550 2,001,220 261,220 1,041,550 436,220 901,400 212,400 598,550 601,220 160,000 192,220 195,000 $12,332,870 Credit $8,101,220 91,220 456,220 64,400 137,550 97,220 152,000 26,220 81,400 901,550 1,001,550 60,000 1,001,220 79,550 81,550 $12,332,870 Prepare a balance sheet at December 31, 2025, for Marigold Corporation. [Ignore income taxes). (List Current Assets in order of liqu List Property, Plant, and Equipment in order of Land, Buildings, and Equipment. Enter account name only and do not provide the descriptiv

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Chapter1: Financial Statements And Business Decisions
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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
Debit
$198,550
154,220
4,800,000
300,550
278,550
2,001,220
261,220
1,041,550
436,220
901,400
212,400
598,550
601,220
160,000
192,220
195,000
$12,332,870
Credit
$8,101,220
91,220
456,220
64,400
137,550
97,220
152,000
26,220
81,400
901,550
1,001,550
60,000
1,001,220
79,550
81,550
$12,332,870
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 Balance (before Net Income) Paid-in Capital in Excess of Par Debit $198,550 154,220 4,800,000 300,550 278,550 2,001,220 261,220 1,041,550 436,220 901,400 212,400 598,550 601,220 160,000 192,220 195,000 $12,332,870 Credit $8,101,220 91,220 456,220 64,400 137,550 97,220 152,000 26,220 81,400 901,550 1,001,550 60,000 1,001,220 79,550 81,550 $12,332,870 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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