Question: The December 3 1 , 2 0 2 4 , post - closing trial balance ( $ in thousands ) for Libby Corporation is presented
The December postclosing trial balance $ in thousands for Libby Corporation is presented belowi
tableDebits,CreditsCashLongtern investments,Accounts receivable,Allowance for uncollectible accounts,,Prepaid insurance,InventoryLandBuildingsAccumulated depreciationbuildings,,EquipmentAccumulated depreciationequipment,,Patents unamortized balanceAccounts payable,,Notes payable, due Interest payable,,Bonds payable, due tableCommon stock no par sharesauthorized issued, and outstandingRetained earnings,,Totals
Required:
Prepare a classified balance sheet for Libby Corporation on December
Note: Enter your answers in the order of their liquidity. Negative amounts should be entered by a in thousands of dollars.
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