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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 company's 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 company's balance sheet, accumulated depreciation is subtracted from Equipment, accumulated amortization is Subtracted from Patents, and accumulated depletion is subtracted from Silver mine Total equity Patents Cash Land Equipment Silver mine $59,000 5,800 6,990 39,000 29,000 24,880 Accounts payable Accumulated depreciation-Equipment Notes payable (due in 9 years) Goodwill Accumulated depletion-Silver mine Accumulated amortization-Patents $ 2,989 21,100 28, eee 5,999 4,800 2,880 GREGOR CO. Balance Sheet December 31 Assets Current assets on Danse Liabilities Current liabilities Long-term liabilities Total abilities Equity Total equity Total abies and
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