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The following items were taken from the financial statements of Marigold Company. (All amounts are in thousands.) Long-term debt $1,100 Accumulated depreciationequipment $5,600 Prepaid insurance
The following items were taken from the financial statements of Marigold Company. (All amounts are in thousands.)
Long-term debt | $1,100 | Accumulated depreciationequipment | $5,600 | |||
Prepaid insurance | 850 | Accounts payable | 1,100 | |||
Equipment | 11,000 | Notes payable (due after 2020) | 300 | |||
Stock investments (long-term) | 300 | Common stock | 11,850 | |||
Debt investments (short-term) | 3,600 | Retained earnings | 2,000 | |||
Notes payable (due in 2020) | 400 | Accounts receivable | 2,000 | |||
Cash | 2,900 | Inventory | 1,700 |
Prepare a classified balance sheet in good form as of December 31, 2019. (Enter amounts in thousands. List Current Assets in order of liquidity.) Marigold Company Balance Sheet Assets Liabilities and Stockholders' Equity
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