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may i get some help with the wrong ines please. Question 1 Partially correct Mark 8.00 out of 3300 P Flag question Classifying Intangible Costs

may i get some help with the wrong ines please. image text in transcribed
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Question 1 Partially correct Mark 8.00 out of 3300 P Flag question Classifying Intangible Costs on the Balance Sheet The adjusted trial balance of Lawrence Corporation showed the following selected account balances (all debits) at December 31, 2020, the end of the annual reporting period $17.600 Trademark 57,600 Patent, net 5.600 Prepaid insurance (two-thirds is long term) 2.400 Accounts receivable net of allowance) 36,000 Copyright, net 4,800 Prepaid rent expense (current) 400 Equipment (net of accumulated depreciation) 120,000 Marketable equity securities (current) 20,000 Notes receivable, trade short-term 4,000 Franchise, net 7,200 RSD expense 15,600 Rent revenue receivable (current) 1.200 Noncompete agreement Goodwin 24,000 1800 Required Prepare the asset section of Lawrence's balance sheet at December 31, 2020. Include the proper balance sheet classifications with separate captions for current assets, property. equipment, intangible assets, and other assets. Assume that all required amortization entries have been made. Note: List all accounts within each balance sheet category in alphabetical order Lawrence Corp Balance Sheet-Selected Balances December 31, 2020 Assets Current Assets Cash 17,600 Accounts receivable.net BRERO 36.000 W 00 MacBook Air SO Business Course Return to course equipment; intangible assets, and other assets. Assume that all required Note: List all accounts within each balance sheet category in alphabetical F . Lawrence Corp. Balance Sheet-Selected Balances December 31, 2020 Assets Current Assets Cash X$ 17,600 x Accounts receivable, net X 36,000 x Prepaid rent expense X 400 X Marketable equity securities - X 20,000 x Rent revenue receivable X 1,200 x Notes receivable, trade X 4,000 X Prepaid insurance X 800 X $ Property, plant, and equipment Equipment, net Intangible assets Patent, net X 5,600 X Goodwill 24,000 X Trademark X 7,600 X Copyright, net 4,800 Franchise, net e X 7,200 X Noncompete agreement X 4,800 X Other assets Prepaid insurance e Total Assets $ . . 80,000 . 120,000 . X . X 54,000 1,600 255,600 Check 23

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