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These items are taken from the financial statements of Oriole Co. at December 31, 2022. Buildings $93,104 Accounts receivable 11,088 Prepaid insurance 2,816 Cash
These items are taken from the financial statements of Oriole Co. at December 31, 2022. Buildings $93,104 Accounts receivable 11,088 Prepaid insurance 2,816 Cash 10,419 Equipment 72,512 Land 53,856 Insurance expense 686 Depreciation expense 4,664 Interest expense 2,288 Common stock 52,800 Retained earnings (January 1, 2022) 35,199 Accumulated depreciation-buildings 40,128 Accounts payable 8,360 Notes payable 82,368 Accumulated depreciation-equipment 16,474 Interest payable 3,168 Service revenue 12,936 Accounts payable 8,360 Notes payable 82.368 Accumulated depreciation-equipment 16.474 Interest payable 3.168 Service revenue 12.936 Prepare a classified balance sheet. Assume that $11,968 of the note payable will be paid in 2023. (List Current Assets in order of liquidity List Property, Plant and Equipment in order of Land, Buildings and Equipment)
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