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(Solved): PLEASE HELP Selected accounts from Gregor Company's adjusted trial balance for the year ended Decemb ...



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Selected accounts from Gregor Companys adjusted trial balance for the year ended December 31 follow. Prepare a classified ba
Current assets
Plant assets
Total plant assets
Intangible assets
Total intangible assets
Total assets
Current liabilities
Lon
Selected accounts from Gregor Company's adjusted trial balance for the year ended December 31 follow. Prepare a classified ba sheet. Note: On the company's balance sheet, accumulated depreciation is subtracted from equipment, accumulated amortization subtracted from patents, and accumulated depletion is subtracted from silver mine. Common stock Retained earnings Patents $ 10,000 Accounts payable 45,000 Accumulated depreciation-Equipment $ 2,500 17,500 Notes payable (due in 9 years) Goodwill 16,000 5,000 6,500 Cash 5,500 Land 4,000 Equipment silver mine 35,000 Accumulated depletion-Silver mine 25,000 Accumulated amortization-Patents 20,000 2,000 Current assets Plant assets Total plant assets Intangible assets Total intangible assets Total assets Current liabilities Long-term liabilities Total liabilities GREGOR COMPANY Balance Sheet December 31 Assets Liabilities < Prev 1 of 1 Score answer > Current assets Plant assets Total plant assets Intangible assets Total intangible assets Total assets Current liabilities Long-term liabilities Total liabilities Total equity Total liabilities and equity GREGOR COMPANY Balance Sheet December 31 Assets Liabilities Equity


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The classified balance sheet is prepared as follows: Gregor Company Balance Sheet December 31 Assets Current assets Cash 6,500 Total cuurent assets (A) 6,500 Plant a
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