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Presented below is the trial balance of Monty Corporation at December 31, 2025. Debit Credit Cash $201,180 Sales Revenue $8,104,150 Debt Investments (trading) (at
Presented below is the trial balance of Monty Corporation at December 31, 2025. Debit Credit Cash $201,180 Sales Revenue $8,104,150 Debt Investments (trading) (at cost, $145,000) 157,150 Cost of Goods Sold 4,800,000 Debt Investments (long-term) 303,180 Equity Investments (long-term) Notes Payable (short-term) Accounts Payable 281,180 94,150 459,150 Selling Expenses 2,004,150 Investment Revenue 67,230 Land 264,150 Buildings 1,044,180 Dividends Payable 140,180 Accrued Liabilities 100,150 Accounts Receivable 439,150 Accumulated Depreciation-Buildings 152,000
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