Question
Use the information provided below to prepare in good form, a Simple Balance Sheet for Clear Moon Company, LLC for the year ended December 31,
Use the information provided below to prepare in good form, a Simple Balance Sheet for Clear Moon Company, LLC for the year ended December 31, 2018:
Buildings$25,000Cash$8,000
Accounts Receivable2,000Notes payable (long term)30,000
Land11,000 Office Supplies$1,000
Merchandise Inventory 7,000Accumulated Depreciation -Blding5,000
Accounts Payable5,000M. Walters Capital16,000
Wages Payable3,000
NOTE: M. Walter had a net loss of $5,000 in 2018 accounting period.
Use the following Sub categories: Current Assets; Property Plant and Equipment, and Total Assets.
ForLiabilities use: Current liabilities, Long-Term Liabilities, Total Liabilities and Owner's Equity.
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