71 Selected accounts from Gregor Company's adjusted trial balance for the year ended December 31...
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Accounting
71 Selected accounts from Gregor Company's adjusted trial balance for the year ended December 31 follow. Prepare a classified balance sheet. Note: On the company's balance sheet, accumulated depreciation is subtracted from equipment, accumulated amortization is subtracted from patents, and accumulated depletion is subtracted from silver mine. Common stock $ 10,000 Accounts payable $ 2,500 Retained earnings 45,000 Accumulated depreciation Equipment 17,500 Patents 5,000 Notes payable (due in 9 years) 16.000 Cash 6.500 Goodwill 5,500 Land 35,000 Accumulated depletion-silver nine 4,000 Equipment 25,000 Accumulated Amortization-Patents 2.000 Silver mine 20.000 02-18 28 poed Book Print GREGOR COMPANY Balance Sheet December 31 Assets Current assets Plant assets 0 0 Total plant assets Intangible assets 0 :18:18 0 Total intangible assets Total assets Ded $ 0 Liabilities Current liabilities Dok nt Long-term liabilities Total liabilities 0 Equity Total equity Total liabilities and equity $
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