Question: 7 Use the information provided below to prepare in good form, a Simple Balance Sheet for Clear Moon Company, LLC for the year ended December
7 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: $25,000 Cash $8,000 Buildings Accounts Receivable 2,000 Notes payable (long term) 30,000 Land 11,000 Office Supplies $1,000 Merchandise Inventory 7,000 Accumulated Depreciation-Blding 5,000 Accounts Payable 5,000 M. Walters Capital 16,000 Wages Payable 3,000 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. For Liabilities use: Current liabilities, Long-Term Liabilities, Total Liabilities and Owner's Equity. Questions from 41-50 are worth 20 points
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