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The December 31, 2018, post-closing trial balance ($ in thousands) for Libby Corporation is presented below: Debits Credits Cash Investments (long-term) Accounts receivable Allowance for
The December 31, 2018, post-closing trial balance ($ in thousands) for Libby Corporation is presented below: Debits Credits Cash Investments (long-term) Accounts receivable Allowance for uncollectible accounts Prepaid insurance Inventories Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Patents (unamortized balance) Accounts payable Notes payable, due 2019 Interest payable Bonds payable, due 2028 Common stock, no par, 30, 000 shares 31,000 72,000 47,000 9,000 7,500 185,000 62,000 225,000 67,000 158,000 47,000 8,000 46,000 82,000 18,500 205,000 240,000 authorized, issued, and outstanding Retained earnings 81,000 795,500 795,500 Totals Required Prepare a classified balance sheet for Libby Corporation at December 31, 2018. (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.) LIBBY CORPORATION Balance Sheet At December 31, 2018 $ in thousands) 0 Net book value of building 0 Net book balue of equipment 0 0 0
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