Question
The following items were taken from the financial statements of D. Gygi Company. (All amounts are in thousands.) Long-term debt $900 Accumulated depreciationequipment $6,000 Prepaid
The following items were taken from the financial statements of D. Gygi Company. (All amounts are in thousands.)
Long-term debt | $900 | Accumulated depreciationequipment | $6,000 | |||
Prepaid insurance | 970 | Accounts payable | 2,000 | |||
Equipment | 11,300 | Notes payable (due after 2018) | 400 | |||
Stock investments (long-term) | 400 | Common stock | 8,870 | |||
Debt investments (short-term) | 3,500 | Retained earnings | 3,300 | |||
Notes payable (due in 2018) | 400 | Accounts receivable | 2,200 | |||
Cash | 2,100 | Inventory | 1,400 |
Prepare a classified balance sheet in good form as of December 31, 2017. (Enter amounts in thousands. List Current Assets in order of liquidity.)
D. GYGI COMPANY Balance Sheet December 31, 2017For the Month Ended December 31, 2017For the Year Ended December 31, 2017 | ||||||
Assets | ||||||
Current AssetsCurrent LiabilitiesIntangible AssetsLong-term DebtLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity | ||||||
$ | ||||||
Current Assets Current Liabilities Intangible Assets Long-term Debt Long-term Investments Long-term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Total Stockholders' Equity | $ | |||||
Current AssetsCurrent LiabilitiesIntangible AssetsLong-term DebtLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity | ||||||
Current AssetsCurrent LiabilitiesIntangible AssetsLong-term DebtLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity | ||||||
Add Less : | ||||||
Current Assets Current Liabilities Intangible Assets Long-term Debt Long-term Investments Long-term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Total Stockholders' Equity | $ | |||||
Liabilities and Stockholders' Equity |
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