Preparation of a balance sheet presented below is the trial

E5-12 (Preparation of a Balance Sheet) Presented below is the trial balance of Vivaldi Corporation at December 31, 2012

	Debits	Credits
Cash	$ 197,000
Sales		$ 7,900,000
Debt Investments (trading) (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		352,000
Allowance for Doubtful Accounts		25,000
Administrative Expenses	900,000
Interest Expense	211,000
Inventory	597,000
Extraordinary Gain		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

Instructions

Prepare a balance sheet at December 31, 2012, for Vivaldi Corporation. Ignore income taxes.

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Preparation of a balance sheet presented below is the trial : e5-12 preparation of a balance sheet presented below is the trial balance of vivaldi corporation at december 31 2012

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