Presented below is the trial balance of Windsor Corporation at December 31, 2017. Cash Sales Debt Investments (trading) (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 (extraordinary) 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 $ 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, 2017, for Windsor Corporation. (Ignore income taxe

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Chapter1: Financial Statements And Business Decisions
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Presented below is the trial balance of Windsor Corporation at December 31, 2017.
Cash
Sales
Debt Investments
(trading) (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 (extraordinary)
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
$ 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, 2017, for Windsor Corporation. (Ignore income taxes)
Transcribed Image Text:Presented below is the trial balance of Windsor Corporation at December 31, 2017. Cash Sales Debt Investments (trading) (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 (extraordinary) 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 $ 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, 2017, for Windsor Corporation. (Ignore income taxes)
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