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24 The December 31, 2021, post-closing trial balance (S in thousands) for Libby Corporation is presented below. Cash Debits 31,000 Credits Investments (long-term) Accounts receivable
24 The December 31, 2021, post-closing trial balance (S in thousands) for Libby Corporation is presented below. Cash Debits 31,000 Credits Investments (long-term) Accounts receivable 72,000 0 Allowance for uncollectible accounts 47,000 9,000 ints Prepaid insurance 0256.09 Inventory Land 7,500 185,000 62,000 Buildings 225,000 Equipment Accumulated depreciation-buildings Accumulated depreciation-equipment Patents (unamortized balance) Accounts payable Notes payable, due 2022 67,000 158,000 47,000 8,000 45,000 82,000 Interest payable Bonds payable, due 2031 18,500 205,000 Common stock (no par), 30,000 shares authorized, issued, and outstanding Retained earnings Totals 240,000 81,000 795,500 795,500 Required: Prepare a classified balance sheet for Libby Corporation at December 31, 2021. (Enter your answers in the order of their liquidity. Negative amounts should be entered by a minus sign. Enter your answers in thousands of dollars.) UDAY CORPORATION Help
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