The following items were taken from the financial statements of P. Jimenez Company. (All amounts are in
Question:
The following items were taken from the financial statements of P. Jimenez Company. (All amounts are in thousands.)
Instructions.
Prepare a classified balance sheet in good form as of December 31, 2022.
Transcribed Image Text:
Long-term debt Prepaid insurance Equipment Stock investments (long-term) Debt investments (short-term) Notes payable (due in 2023) Cash $1,000 650 11,500 264 3,690 500 2,668 Accumulated depreciation equipment Accounts payable Notes payable (due after 2023) Owner's capital Accounts receivable Inventory $ 5,655 1,214 400 12,955 1,696 1,256
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Related Book For
Accounting Principles
ISBN: 9781119707110
14th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
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