FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The following items were taken from the financial statements of P. Cullumber Company. (All amounts are in thousands.)

Long-term debt
  $1,000  
Accumulated depreciation—equipment
  $5,900
Prepaid insurance
  880  
Accounts payable
  1,100
Equipment
  11,300  
Notes payable (due after 2023)
  500
Stock investments (long-term)
  200  
Owner’s capital
  11,580
Debt investments (short-term)
  3,400  
Accounts receivable
  1,600
Notes payable (due in 2023)
  600  
Inventory
  1,200
Cash
  2,100        

Prepare a classified balance sheet in good form as of December 31, 2022. (List Current Assets in order of liquidity. Enter amounts in thousands.)
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