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Selected accounts from Gregor Co.s adjusted trial balance for the year ended December 31 follow. Prepare a classified balance sheet. Note: On the companys balance
Selected accounts from Gregor Co.s adjusted trial balance for the year ended December 31 follow. Prepare a classified balance sheet. Note: On the companys balance sheet, accumulated depreciation is subtracted from Equipment, accumulated amortization is subtracted from Patents, and accumulated depletion is subtracted from Silver mine. Total equity $ 58,000 Accounts payable $ 2,800 Patents 5,600 Accumulated depreciationEquipment 20,200 Cash 6,800 Notes payable (due in 9 years) 1
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