Current Attempt in Progress The following items were taken from the financial statements of J. Oriole Company on December 31, 2024. (All amounts are in thousands.) Long-term debt Prepaid insurance Equipment Long-term investments Short-term investments Notes payable (due in 2025) Cash $1,080 780 11,420 374 3,610 400 2,548 Accumulated depreciation-equipment Accounts payable Notes payable (due after 2025) 1. Oriole, capital Accounts receivable Merchandise inventory $5,635 1,464 360 12.615 1,646 1.176 Prepare a classified balance sheet in good form as at December 31, 2024. (List Current Assets in order of liquidity)
Current Attempt in Progress The following items were taken from the financial statements of J. Oriole Company on December 31, 2024. (All amounts are in thousands.) Long-term debt Prepaid insurance Equipment Long-term investments Short-term investments Notes payable (due in 2025) Cash $1,080 780 11,420 374 3,610 400 2,548 Accumulated depreciation-equipment Accounts payable Notes payable (due after 2025) 1. Oriole, capital Accounts receivable Merchandise inventory $5,635 1,464 360 12.615 1,646 1.176 Prepare a classified balance sheet in good form as at December 31, 2024. (List Current Assets in order of liquidity)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Question 26 of 26
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Current Attempt in Progress
The following items were taken from the financial statements of J. Oriole Company on December 31, 2024. (All amounts are in
thousands.)
Long-term debt
Prepaid insurance
Equipment
Long-term investments
Short-term investments
Notes payable (due in 2025)
Cash
$1,080
780
Accumulated depreciation-equipment
Accounts payable
Notes payable (due after 2025)
1. Oriole, capital
Accounts receivable
11,420
374
3,610
400 Merchandise inventory
2,548
$5,635
1,464
360
12.615
1,646
1.176
Prepare a classified balance sheet in good form as at December 31, 2024. (List Current Assets in order of liquidity)
Transcribed Image Text:Prepare a classified balance sheet in good form as at December 31, 2024. List Current Assets in order of liquidity)
JORIOLE COMPANY
Balance Sheet
(in thousands)
Assets
Liabilities and Owner's Equity
1
D
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