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Clear Water Co. reports the following balance sheet accounts as of December 31. Buildings $ 57,500, Accounts receivable 3,300, Land 24,000, Merchandise inventory 9,600, Accounts
Clear Water Co. reports the following balance sheet accounts as of December 31.
Buildings $ 57,500, Accounts receivable 3,300, Land 24,000, Merchandise inventory 9,600, Accounts payable 6,300, Cash 10,600, Notes payable (due in 7 years) 56,000 , Office supplies 3,600, Common stock 23,000, Retained earnings 19,000, Wages payable 4,300.
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