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E 4 . 1 2 ( LO 1 ) ( Preparation of a Balance Sheet ) Presented below is the trial balance of Scott Butler

E4.12(LO 1)(Preparation of a Balance Sheet) Presented below is the trial balance of Scott Butler Corporation at December 31,2025.
CashSales RevenueDebtInvestments(trading)(atcost, $145,000)Cost of GoodsSoldDebtInvestments(long-term)EquityInvestments(long-term)Notes Payable(short-term)AccountsPayableSellingExpensesInvestmentRevenueLandBuildingsDividendsPayableDebit$ 197,000153,0004,800,000299,000277,0002,000,000260,0001,040,000Credit$ 8,100,00090,000455,00063,000136,000
AccruedLiabilitiesAccountsReceivableAccumulatedDepreciation-BuildingsAllowance forDoubtfulAccountsAdministrativeExpensesInterestExpenseInventoryGainNotes Payable(long-term)EquipmentBonds PayableAccumulatedDepreciation-EquipmentFranchisesCommon Stock($5 par)435,000900,000211,000597,000600,000160,00096,000152,00025,00080,000900,0001,000,00060,0001,000,000
Common Stock($5 par)Treasury StockPatentsRetainedEarningsPaid-in Capitalin Excess ofParTotals191,000195,0001,000,00078,00080,000$12,315,000 $12,315,000
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