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