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can someone please help me with my accouting homework? Selected accounts from Gregor Cois adjusted trial balance for the year ended December 31 follow. Prepare
can someone please help me with my accouting homework?
Selected accounts from Gregor Cois 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 Retained earnings Patent Cash $46,500 16,500 6,500 7,300 43,000 33,000 20,000 Accounts payable Accumulated depreciation Equipent Notes payable due in 9 year) Goodwill Accumulated depletion-olver mine Accumulated amortization-Patents $3,300 24,700 24.000 6,300 5,600 3.600 Land Equipment silver mine $ 7.300 28,000 GREGOR CO. Balance Sheet December 31 Assets Current assets Cash Silver mine Plant assets Equipment Accumulated depreciation Equipment Silver mind Accumulated depletion Silvermine Land Total plants Intangible assets Patents Accumulated amortization-Patents Goodwill TA 0 0 0 0 n VU HUU 28,000 0 0 0 Silver mine Plant assets Equipment Accumulated depreciation Equipment Silver mine Accumulated depletion-Silver mine Land Total plant assets Intangible assets Patents Accumulated amortization-Patents Goodwill Total intangible assets Total assets Liabilities Current liabilities Accounts payable Accounts payable Long-term liabilities Notes payable Notes payable Total liabilities Equity 0 0 $ 7,300 0 Total liabilities and equity $ Step by Step Solution
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