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The following items were taken from the financial statements of J. Oriole Company on December 31, 2017. (All amounts are in thousands.) Long-term debt Prepaid
The following items were taken from the financial statements of J. Oriole Company on December 31, 2017. (All amounts are in thousands.) Long-term debt Prepaid insurance Equipment Long-term investments Short-term investments Notes payable (due in 2018) Cash $1,080 Accumulated depreciation-equipment $5,635 780 Accounts payable 1,464 11,420 Notes payable (due after 2018) 360 374 ). Oriole, capital 12,615 3,610 Accounts receivable 1,646 400 Merchandise inventory 1,176 2,548 Prepare a classified balance sheet in good form as at December 31, 2017. (List Current Assets in order of liquidity.) J. ORIOLE COMPANY Balance Sheet (in thousands) Assets $ Liabilities and Owner's Equity $ ole $
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