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Clear Water Company reports the following balance sheet accounts as of December 31. $ 25,000 2,000 15,000 7,000 5,000 8,000 30,000 1,000 10,000 6,000 3,000
Clear Water Company reports the following balance sheet accounts as of December 31. $ 25,000 2,000 15,000 7,000 5,000 8,000 30,000 1,000 10,000 6,000 3,000 4,000 Buildings Accounts receivable Land Merchandise inventory Accounts payable Cash Notes payable (due in 7 years) Office supplies Common stock Retained earnings Wages payable Accumulated Depreciation-Buildings Prepare a classified balance sheet. Current assets Total current assets Plant assets Total plant assets Total assets Current liabilities Clear Water Company Balance Sheet December 31 Assets Liabilities
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