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Clear Water Company reports the following balance sheet accounts as of December 31. Buildings Accounts receivable Land Merchandise inventory Accounts payable Cash Notes payable (due
Clear Water Company reports the following balance sheet accounts as of December 31. Buildings Accounts receivable Land Merchandise inventory Accounts payable Cash Notes payable (due in 7 years) Office supplies 0. Water, Capital Wages payable Accumulated Depreciation- Buildings Prepare a classified balance sheet. Current assets Cash Accounts receivable Merchandise inventory Office supplies Buildings Total current assets Plant assets Total plant assets Total assets Current liabilities Total current liabilities Long-term liabilities Total abilities Total liabilities and equity Clear Water Company Balance Sheet December 31 Assets Liabilities Equity $ 52,500 3,100 28, 200 9,200 6,100 10, 200 52,000 3,200 38,000 4,100 6,200 $ $ 0 0 0 0
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