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The December 31, 2024, post-closing trial balance ($ in thousands) for Journey Corporation is presented below: Debits Credits Cash 32,000 Long-term investments 74,000 Accounts
The December 31, 2024, post-closing trial balance ($ in thousands) for Journey Corporation is presented below: Debits Credits Cash 32,000 Long-term investments 74,000 Accounts receivable 49,000 Allowance for uncollectible accounts 10,000 Prepaid insurance 8,500 Inventory 195,000 Land 64,000 Buildings 235,000 Accumulated depreciation-buildings 69,000 Equipment 161,000 Accumulated depreciation-equipment 49,000 Patents (unamortized balance) 9,000 Accounts payable 47,000 Notes payable, due 2025 84,000 Interest payable 19,500 Bonds payable, due 2041 215,000 Common stock (no par), 34,000 shares authorized, issued, and outstanding 272,000 Retained earnings Totals Required: 62,000 827,500 827,500 Prepare a classified balance sheet for Journey Corporation on December 31, 2024. Note: Enter your answers in the order of their liquidity. Negative amounts should be entered using parenthesis. Enter your answers in thousands of dollars.
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