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Question 7 of 39 Presented below is the trial balance of Flint Corporation at December 31, 2020. Debit Credit $ 199,940 $ 8,102,810 155,810 4,800,000
Question 7 of 39 Presented below is the trial balance of Flint Corporation at December 31, 2020. Debit Credit $ 199,940 $ 8,102,810 155,810 4,800,000 301,940 279,940 92,810 457,810 2.002.810 67,260 262,810 1,042,940 138,940 98,810 437,810 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 Buil 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 27,810 904,260 215,260 599,940 84,260 902,940 602,810 1,002,940 60,000 160,000 1,002,810 193,810 195,000 80,940 82,940 $12,355,080 $12,355,080 Prepare a balance sheet at December 31, 2020, for Flint 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.) FLINT CORPORATION Balance Sheet Assets $ $ Liabilities and stockholdere! Gauit Liabilities and Stockholders' Equity $ $
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