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please fix incorrect ones! QS 5-21 (Algo) Preparing a classified balance sheet for a merchandiser LO P4 Clear Water Company reports the following balance sheet
please fix incorrect ones!
QS 5-21 (Algo) Preparing a classified balance sheet for a merchandiser LO P4 Clear Water Company reports the following balance sheet accounts as of December 31. $ 42,see Buildings Ach receivable Land Merchandise inventery Accounts payable 23, 488 8, 488 Notes payable fove in years) office supplies 0. katere kages payable Accumulated Depreciation suildings 38,888 3,789 Prepare a classified balance sheet. Prepare a classified balance sheet. Answer is complete but not entirely correct. Clear Water Co. Balance Sheet December 31 Assets Qument assets Accounts receivable 2.TOO 2.400 Office supplies Merchandise inventory 8.400 SOSIO36 Cash 9.400 2.400 x Office supplies Total current assets IS 25.300 Plant assets Buildings 42.500 Land 23.400 19.100 XX Accumulated depreciation Buildings 5.400 x Total plant assets 24.500 49,800 Total assets Liabilities Current abilities IS 5.700 Accounts payable Wages payable 3.700 IS 9.400 Total current liabilities 44,000 Long-term Sabilities Notes payable Total liabilities 53.400 Equity 30.000 O. Water, Capital IS 83 400 Total liabilities and equityStep by Step Solution
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