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The following items were taken from the financial statements of J. Parra Company on December 31, 2017. (All amounts are in thousands.) Long-term debt$ 1,000Accumulated
The following items were taken from the financial statements of J. Parra Company on December 31, 2017. (All amounts are in thousands.)
Long-term debt$ 1,000Accumulated depreciationequipment$ 5,655Prepaid insurance880Accounts payable1,444Equipment11,500Notes payable (due after 2018)400Long-term investments264J. Parra, capital12,955Short-term investments3,690Accounts receivable1,696Notes payable (due in 2018)500Merchandise inventory1,256Cash2,668
Instructions Make a classified balance sheet in good form as at December 31, 2017.
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