Please do not give solution in image format thanku The following items were taken from the financial statements of D. Gygi Company. (All amounts are in thousands.)$1,000Accumulated depreciation-equipmentAccounts payable880Long-term debtPrepaid insuranceEquipmentStock investments (long-term)Debt investments (short-term)Notes payable (due in 2016)Cash11,500Notes payable (due after 2016)264 Common Stock3,690 Retained Earnings500 Accounts receivable2,668 Inventory$5,6551,44440010,0002,9551,6961,256Prepare a classified balance sheet in good form as of December 31, 2015. (Enter amounts in thousands. List currerD. GYGI COMPANYBalance SheetDecember 31, 2015(in thousands)Assets

Balance sheet is a financial statement that shows list of final ending balance of assets,…

The following items were taken from the financial statements of D. Gygi Company. (All amounts are in thousands.) $1,000 Accumulated depreciation-equipment Accounts payable 880 11,500 Notes payable (due after 2016) 264 Common Stock Long-term debt Prepaid insurance Equipment Stock investments (long-term) Debt investments (short-term) Notes payable (due in 2016) Cash 3,690 Retained Earnings 500 Accounts receivable 2,668 Inventory $5,655 1,444 400 10,000 2,955 1,696 1,256 Prepare a classified balance sheet in good form as of December 31, 2015. (Enter amounts in thousands. List currer D. GYGI COMPANY Balance Sheet December 31, 2015 (in thousands) Assets

The following items were taken from the financial statements of D. Gygi Company. (All amounts are in thousands.) $1,000 Accumulated depreciation-equipment Accounts payable 880 11,500 Notes payable (due after 2016) 264 Common Stock Long-term debt Prepaid insurance Equipment Stock investments (long-term) Debt investments (short-term) Notes payable (due in 2016) Cash 3,690 Retained Earnings 500 Accounts receivable 2,668 Inventory $5,655 1,444 400 10,000 2,955 1,696 1,256 Prepare a classified balance sheet in good form as of December 31, 2015. (Enter amounts in thousands. List currer D. GYGI COMPANY Balance Sheet December 31, 2015 (in thousands) Assets

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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