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E 4 . 1 2 ( LO 1 ) ( Preparation of a Balance Sheet ) Presented below is the trial balance of Scott Butler
ELO Preparation of a Balance Sheet Presented below is the trial balance of Scott Butler Corporation at December
CashSales RevenueDebtInvestmentstradingatcost $Cost of GoodsSoldDebtInvestmentslongtermEquityInvestmentslongtermNotes PayableshorttermAccountsPayableSellingExpensesInvestmentRevenueLandBuildingsDividendsPayableDebit$ Credit$
AccruedLiabilitiesAccountsReceivableAccumulatedDepreciationBuildingsAllowance forDoubtfulAccountsAdministrativeExpensesInterestExpenseInventoryGainNotes PayablelongtermEquipmentBonds PayableAccumulatedDepreciationEquipmentFranchisesCommon Stock$ par
Common Stock$ parTreasury StockPatentsRetainedEarningsPaidin Capitalin Excess ofParTotals$ $
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