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The following items were taken from the financial statements of Frederick Company. (All dollars are in thousands.) Mortgage payable $2,340 Accumulated depreciation $3,560 Prepaid expenses980
The following items were taken from the financial statements of Frederick Company. (All dollars are in thousands.)
Mortgage payable $2,340 Accumulated depreciation $3,560
Prepaid expenses980 Accounts payable 1,555
Property, plant, and equipment11,500 Notes payable due after 20211,200
Long-term investments1,300 Owner's capital14,026
Short-term investments3,690 Accounts receivable1,696
Notes payable due in 20211,000 Inventories1,765
Cash2,750
Prepare a balance sheet in good form as of December 31, 2020.
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