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View Policies Current Attempt in Progress Presented below is the trial balance of Tamarisk Corporation at December 31, 2020. Credit Debit $ 198,550 Cash $
View Policies Current Attempt in Progress Presented below is the trial balance of Tamarisk Corporation at December 31, 2020. Credit Debit $ 198,550 Cash $ 8,103,580 156,580 4,800,000 300.550 278,550 93,580 458,580 2,003,580 67,440 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) 263,580 1,041,550 137.550 99,580 438,580 152.000 28.180 904.440 215,440 598,550 84.440 901.550 263,580 1,041.550 137,550 99,580 438,580 152,000 28,580 904,440 215,440 598,550 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 (55 par) Treasury Stock Patents Retained Earnings Paid in Capital in Excess of Par Totals 84,440 901,550 603.580 1,001,550 60,000 160,000 1,003,580 194,580 195,000 79.550 81.550 $12.353,110 $12,353,110 Prepare a balance sheet at December 31, 2020, for Tamarisk Corporation. (Ignore income taxes). (List Current Assets in order or liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment. Enter account name only and don provide the descriptive information provided in the question.)
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