Question
Clear Water Company reports the following balance sheet accounts as of December 31. Buildings Accounts receivable $ 50,000 3,000 Land 27,000 Merchandise inventory 9,000
Clear Water Company reports the following balance sheet accounts as of December 31. Buildings Accounts receivable $ 50,000 3,000 Land 27,000 Merchandise inventory 9,000 Accounts payable 6,000 Cash 10,000 Notes payable (due in 7 years) 50,000 Office supplies 3,000 Common stock 16,000 Wages payable Retained earnings Accumulated Depreciation-Buildings Prepare a classified balance sheet. Clear Water Company Balance Sheet December 31 20,000 4,000 6,000 Current assets Total current assets Dlant anneta Assets
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Fundamental Accounting Principles
Authors: John J Wild, Ken Shaw
25th Edition
1260247988, 978-1260247985
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