Presented below is the trial balance of Whispering Corporation at December 31, 2020. Debit Credit $ 200.230 $8.104.580 157.580 4,800.000 302.230 280.230 94.580 459.580 2,004 580 67.550 264.580 1,043.230 139.230 100.580 439.580 Cash Sales Debt Investments (trading) (at cost, $145,000) Cost of Goods Sold Debt Investments (long-term) Equity Investments (long-term) Notes Payable (short-term) Accounts Payable Selling Expenses Investment Revenue Land Buildings Dividends Payable Accrued Liabilities Accounts Receivable Accumulated Depreciation-Buildings Allowance for Doubtful Accounts Administrative Expenses Interest Expense Inventory Gain Notes Payable (long-term) Equipment Bonds Payable Accumulated Depreciation Equipment Franchises Common Stock ($5 par) Treasury Stock Patents Retained Earnings Paid-in Capital in Excess of Par Totals 152.000 29.580 904.550 215.550 600.230 84.550 903.230 604.580 1,003,230 50,000 160.000 1,004.580 195.580 195.000 81.230 83.230 $12.367,730 $12,367,730 Prepare a balance sheet at December 31, 2020. for Whispering 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.) WHISPERING CORPORATION Balance Sheet Assets > Liabilities and Stockholders' Equity D Liabilities and Stockholders' Equity $ $ > eTextbook and Media List of Accounts Save for Later Attempts: unlimited Submit Answer 01 O E Presented below is the trial balance of Whispering Corporation at December 31, 2020 Cash Sales Debt Investments (trading) (at cost, $145.000) Cost of Goods Sold Debt Investments (long-term) Equity Investments (long-term) Notes Payable (short-term) Accounts Payable Selling Expenses Investment Revenue Land Buildings Dividends Payable Accrued Liabilities Accounts Receivable Accumulated Depreciation-Buildings Allowance for Doubtful Accounts Administrative Expenses Interest Expense Inventory Gain Notes Payable (long-term) Equipment Bonds Payable Accumulated Depreciation Equipment Franchises Common Stock ($5 par) Treasury Stock Patents Retained Earnings Paid-in Capital in Excess of Par Totals Debit Credit $ 200,230 $ 8.104.580 157.580 4.800.000 302.230 280.230 94.580 459,580 2,004,580 67,550 264,580 1,043,230 139.230 100,580 439,580 152,000 29.580 904.550 215,550 600,230 84.550 903,230 604.580 1.003 230 60.000 160,000 1,004,580 195,580 195,000 81,230 83,230 $12,367.730 $12,367.730 Prepare a balance sheet at December 31, 2020, for Whispering 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.)
