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The post-closing trial balance of Coronado Company and other related information for the year
2025 are presented as follows.
Additional information:
Prepare a balance sheet as of December 31, 2025, so that all important information is fully
disclosed. (List Current Assets in order of liquidity. List Property, Plant, and Equipment in order
of Land, Construction in Process, and Equipmen inter account name only and do not provide the
descriptive information provided in the question.)DebitcreditCash44440Accounts
Receivable166,940Allowance for Doubtful Accounts9070Prepaid
Insurance6270Inventory211940Equity Investments (long-term)342440Land88440Construction
in Process (building)127440Patents36000Equipment403440Accumulated Depreciation-
Equipment240370Discount on Bonds Payable20000Accounts Payable151440Accrued
Liabilities52640Notes Payable97440Bonds Payable203440Common Stock503440Paid-in
Capital in Excess of Par-Common Stock45000Retained Earnings144510Total14473501447350

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The post-closing trial balance of Coronado Company and other related.pdf

  • 1. The post-closing trial balance of Coronado Company and other related information for the year 2025 are presented as follows. Additional information: Prepare a balance sheet as of December 31, 2025, so that all important information is fully disclosed. (List Current Assets in order of liquidity. List Property, Plant, and Equipment in order of Land, Construction in Process, and Equipmen inter account name only and do not provide the descriptive information provided in the question.)DebitcreditCash44440Accounts Receivable166,940Allowance for Doubtful Accounts9070Prepaid Insurance6270Inventory211940Equity Investments (long-term)342440Land88440Construction in Process (building)127440Patents36000Equipment403440Accumulated Depreciation- Equipment240370Discount on Bonds Payable20000Accounts Payable151440Accrued Liabilities52640Notes Payable97440Bonds Payable203440Common Stock503440Paid-in Capital in Excess of Par-Common Stock45000Retained Earnings144510Total14473501447350