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The following items were taken from the financial statements of J. Pineda Company. (All amounts are in thousands.) Long-term debt $1,000 Accumulated depreciationequipment $5,400 Prepaid
The following items were taken from the financial statements of J. Pineda Company. (All amounts are in thousands.)
Long-term debt | $1,000 | Accumulated depreciationequipment | $5,400 | |||
Prepaid insurance | 710 | Accounts payable | 1,400 | |||
Equipment | 12,000 | Notes payable (due after 2018) | 400 | |||
Stock investments (long-term) | 400 | Owners capital | 13,510 | |||
Debt investments (short-term) | 3,900 | Accounts receivable | 1,200 | |||
Notes payable (due in 2018) | 400 | Inventory | 1,500 | |||
Cash | 2,400 |
Prepare a classified balance sheet in good form as of December 31, 2017.
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