Question
Presented below is the trial balance of Grouper Corporation at December 31, 2020. Debit Credit Cash $ 201180 Sales $ 8104150 Debt Investments (trading) (at
Presented below is the trial balance of Grouper Corporation at December 31, 2020. Debit Credit Cash $ 201180 Sales $ 8104150 Debt Investments (trading) (at cost, $145,000) 157150 Cost of Goods Sold 4800000 Debt Investments (long-term) 303180 Equity Investments (long-term) 281180 Notes Payable (short-term) 94150 Accounts Payable 459150 Selling Expenses 2004150 Investment Revenue 67230 Land 264150 Buildings 1044180 Dividends Payable 140180 Accrued Liabilities 100150 Accounts Receivable 439150 Accumulated Depreciation-Buildings 152000 Allowance for Doubtful Accounts 29150 Administrative Expenses 904230 Interest Expense 215230 Inventory 601180 Gain 84230 Notes Payable (long-term) 904180 Equipment 604150 Bonds Payable 1004180 Accumulated Depreciation-Equipment 60000 Franchises 160000 Common Stock ($5 par) 1004150 Treasury Stock 195150 Patents 195000 Retained Earnings 82180 Paid-in Capital in Excess of Par 84180 Totals $12369260 $12369260 Prepare a balance sheet at December 31, 2020, for Grouper 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.) GROUPER CORPORATION Balance Sheet choose the accounting period Assets select an opening name for subsection one enter a balance sheet item $enter a dollar amount enter a balance sheet item enter a dollar amount enter a balance sheet item $enter a dollar amount select between addition and deduction: enter a balance sheet item enter a dollar amount enter a subtotal of the two previous amounts enter a balance sheet item enter a dollar amount select a closing name for subsection one $enter a total amount for subsection one select an opening name for subsection two enter a balance sheet item enter a dollar amount enter a balance sheet item enter a dollar amount select a closing name for subsection two enter a total amount for subsection two select an opening name for subsection three enter a balance sheet item enter a dollar amount enter a balance sheet item enter a dollar amount select between addition and deduction: enter a balance sheet item enter a dollar amount enter a subtotal of the two previous amounts enter a balance sheet item enter a dollar amount select between addition and deduction: enter a balance sheet item enter a dollar amount enter a subtotal of the two previous amounts select a closing name for subsection three enter a total amount for subsection three select an opening name for subsection four enter a balance sheet item enter a dollar amount enter a balance sheet item enter a dollar amount select a closing name for subsection four enter a total amount for subsection four select a closing section name for this part of the balance sheet $enter a total amount for this part of the balance sheet Liabilities and Stockholders' Equity select an opening name for subsection one enter a balance sheet item $enter a dollar amount enter a balance sheet item enter a dollar amount enter a balance sheet item enter a dollar amount enter a balance sheet item enter a dollar amount select a closing name for subsection one $enter a total amount for subsection one of the second part of the balance sheet select an opening name for subsection two enter a balance sheet item enter a dollar amount enter a balance sheet item enter a dollar amount select a closing name for subsection two enter a total of the two previous amounts select a closing name for section one enter a total amount for this section of the balance sheet select an opening name for section two select an opening name for subsection one enter a balance sheet item $enter a dollar amount select an opening name for subsection two enter a dollar amount enter a subtotal of the two previous amounts enter a balance sheet item enter a dollar amount select a closing name for subsection one enter a total of the two previous amounts select between addition and deduction: enter a balance sheet item enter a dollar amount select a closing name for section two enter a total of the two previous amounts select a closing section name for this part of the balance sheet $enter a total amount for this part of the balance sheet
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