Exercise 4-16 The following items were taken from the financial statements of 3J. Pineda Company....
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Accounting
Exercise 4-16 The following items were taken from the financial statements of 3J. Pineda Company. (All amounts are in thousands.) Long-term debt $1,100 equipment Prepaid insurance Equipment Stock investments (long- term) Debt investments (short- term) Notes payable (due in 2018) Cash $5,000 1,700 400 13,660 1,700 2,000 960 11,000 Accounts payable Notes payable (due after 2018) 400 Owners capital 3,800 Accounts receivable 400 Inventory 2,400 Prepare a dassified balance sheet in good form as of December 31, 2017. (List Current Assets in order of liquidity. Enter amounts in th . PINEDA COMPANY Balance Sheet Assets
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