Presented below is the trial balance of scott butler corporation at December $31,2014.$ Cash $ $197,000$

Sales Revenue $ $8,100,000$

Debt Investments $($trading$)($at cost$,$ $$145,000)153,000$

Cost of Goods Sold $4,800,000$

Debt Investments $($long$-$term$)299,000$

Equity Investments $($long$-$term$)277,000$

Notes Payable $($short$-$term$)90,000$

Accounts Payable $455,000$

Selling Expenses $2,000,000$

Investment Revenue $63,000$

Land $260,000$

Buildings $1,040,000$

Dividends Payable $136,000$

Accrued Liabilities $96,000$

Accounts Receivable $435,000$

Accumulated Depreciation$$Buildings $152,000$

Allowance for Doubtful Accounts $25,000$

Administrative Expenses $900,000$

Interest Expense $211,000$

Inventory $597,000$

Gain $($extraordinary$)80,000$

Notes Payable $($long$-$term$)900,000$

Equipment $600,000$

Bonds Payable $1,000,000$

Accumulated Depreciation$$Equipment $60,000$

Franchises $160,000$

Common Stock $($$$5$ par$)1,000,000$

Treasury Stock $191,000$

Patents $195,000$

Retained Earnings $78,000$

Paid$-$in Capital in Excess of Par $80,000$

Totals $$12,315,000$ $$12,315,000$

 prepare a balance sheet at December $31,2014,$ for scott butler corporation. $($ignore income taxes$)$ 

Answer rating: 100% (QA)

Scott Butler Corporation Balance Sheet December 31 2014 Assets Current Assets Cash 197000 Debt Inves... View the full answer