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The following items were taken from the financial statements of P. Oriole Company. $5,300 Long-term debt $900 Accumulate
Posted: Thu May 19, 2022 1:47 pm
by answerhappygod
- The Following Items Were Taken From The Financial Statements Of P Oriole Company 5 300 Long Term Debt 900 Accumulate 1 (36.73 KiB) Viewed 51 times
The following items were taken from the financial statements of P. Oriole
Company. $5,300 Long-term debt $900 Accumulated depreciation- equipment 1,700 Prepaid insurance 940 Accounts payable 400 Equipment 12,000 Notes payable (due after 2021) Stock investments (long- term) 14,640 200 Owner's capital 1,700 Debt investments (short- term) 4,200 Accounts receivable 500 Notes payable (due in 2021) Inventory 1,000 Cash 2,400 Patent 1,000 Prepare a classified balance sheet in good form as of December 31, 2020.