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Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 401 Weeks Ago, 1 Day Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
The following items were taken from the financial statements of M. Wright Company. (All dollars are in thousands.)
|
Long-term debt |
$ 1,000 |
Accumulated depreciation |
5,655 |
|
Prepaid insurance |
880 |
Accounts payable |
1,444 |
|
Equipment |
11,500 |
Notes payable (due after 2013) |
400 |
|
Long-term investments |
264 |
Owner’s capital |
12,955 |
|
Short-term investments |
3,690 |
Accounts receivable |
1,696 |
|
Notes payable (due in 2013) |
500 |
Inventory |
1,256 |
|
Cash |
$ 2,668 |
 |  |
Instructions
Prepare a classified balance sheet in good form as of December 31, 2012.
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