Selected accounts from Gregor Co.s adjusted trial balance for the year ended December 31 follow. Prepare a
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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.
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Common stock.. $40,000 Accounts payable... $ 2,000 Retained earnings 10,000 Accumulated depreciation-Equipment 13,000 Patents . 4,000 Notes payable (due in 9 years) 11,000 Cash 6,000 Goodwill .... 5,000 Land 30,000 Accumulated depletion-Silver mine.. 3,000 Equipment. 20,000 Accumulated amortization-Patents 1,000 Silver mine 15,000
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Related Book For
Financial Accounting Information For Decisions
ISBN: 9781260705584
10th Edition
Authors: John J. Wild
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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