ise 5-12

Presented below is the trial balance of Scott Butler Corporation at December 31, 2014.

		Debit		Credit
Cash		$ 197,000
Sales				$ 8,100,000
Debt Investments (trading) (cost, $145,000)		153,000
Cost of Goods Sold		4,800,000
Debt Investments (long-term)		299,000
Equity Investments (long-term)		277,000
Notes Payable (short-term)				90,000
Accounts Payable				455,000
Selling Expenses		2,000,000
Investment Revenue				63,000
Land		260,000
Buildings		1,040,000
Dividends Payable				136,000
Accrued Liabilities				96,000
Accounts Receivable		435,000
Accumulated Depreciation-Buildings				152,000
Allowance for Doubtful Accounts				25,000
Administrative Expenses		900,000
Interest Expense		211,000
Inventory		597,000
Gain (extraordinary)				80,000
Notes Payable (long-term)				900,000
Equipment		600,000
Bonds Payable				1,000,000
Accumulated Depreciation-Equipment				60,000
Franchises		160,000
Common Stock ($5 par)				1,000,000
Treasury Stock		191,000
Patents		195,000
Retained Earnings				78,000
Paid-in Capital in Excess of Par				80,000
Totals		$12,315,000		$12,315,000

Prepare a balance sheet at December 31, 2014, for Scott Butler Corporation. (Ignore income taxes). (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment. Enter account name only and do not provide the descriptive information provided in the question.)

Assets

Additional Paid-in CapitalCurrent AssetsCurrent LiabilitiesIntangible AssetsLong-term DebtLong-term InvestmentsPaid-in CapitalProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Paid-in Capital and Retained EarningsTotal Property, Plant and EquipmentTotal Stockholders' Equity

Liabilities and Stockholders' Equity

Additional Paid-in CapitalCurrent AssetsCurrent LiabilitiesIntangible AssetsLong-term DebtLong-term InvestmentsPaid-in CapitalProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Paid-in Capital and Retained EarningsTotal Property, Plant and EquipmentTotal Stockholders' Equity