search ebook go jump to pg go book contents 10. Paid or the creditors for inventory purcnases. PROBLEM 08 - BALANCE SHEET PRESENTATION From this list of account balances, prepare in proper form a balance sheet for Tommy's Memorial Park Inc. Trial Balance, December 31,20X1 Dr. Cr. Cash $5,000 Temporary Investments 15,000 Accounts Receivable 40,000 Building 50,000 Notes Payable (due in 1 year) $22.000 Patent 8,000 Building - Accumulated Depreciation 10,000 Property Taxes Payable 6,000 Accounts Payable 31,000 Retained Earnings 77,800 Common Shares 50,000 Bonds Payable 80,000 Inventory 30,000 Land 100,000 Investment in Trizec Corp. Shares 28,000 Investment in Canadian Utilities Ltd. Bonds 12,000 Prepaid Insurance 1,000 Withheld Income Tax 2,200 Contributed Surplus 25,000 Goodwill 15,000 $304,000 $304,000