Liabilities and Owner's Equity 24 > >

Liabilities and Owner's Equity<br>24<br>><br>><br>

Extracted text: Liabilities and Owner's Equity 24 > >

The following items were taken from the financial statements of P. Oriole Company. (All amounts are in thousands.)<br>Long-term debt<br>$ 900<br>Accumulated depreciation-equipment<br>$5.300<br>Prepaid insurance<br>940<br>Accounts payable<br>1,700<br>Equipment<br>12,000<br>Notes payable (due after 2021)<br>500<br>Stock investments (long-term)<br>200<br>Owner's capital<br>14.640<br>Debtinvestments (short-term)<br>4,200<br>Accounts receivable<br>1,700<br>Notes payable (due in 2021)<br>400<br>Inventory<br>2,000<br>Cash<br>2,400<br>Prepare a classified balance sheet in good form as of December 31, 2020. (List Current Assets in order of liquidity. Enter amounts in<br>thousands.)<br>P. ORIOLE COMPANY<br>Balance Sheet<br>(in thousands)<br>Assets<br>24<br>><br>

Extracted text: The following items were taken from the financial statements of P. Oriole Company. (All amounts are in thousands.) Long-term debt $ 900 Accumulated depreciation-equipment $5.300 Prepaid insurance 940 Accounts payable 1,700 Equipment 12,000 Notes payable (due after 2021) 500 Stock investments (long-term) 200 Owner's capital 14.640 Debtinvestments (short-term) 4,200 Accounts receivable 1,700 Notes payable (due in 2021) 400 Inventory 2,000 Cash 2,400 Prepare a classified balance sheet in good form as of December 31, 2020. (List Current Assets in order of liquidity. Enter amounts in thousands.) P. ORIOLE COMPANY Balance Sheet (in thousands) Assets 24 >

Jun 11, 2022

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