Clear Water Company reports the following balance sheet accounts as of December 3 Buildings Accounts receivable...

 

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Clear Water Company reports the following balance sheet accounts as of December 3 Buildings Accounts receivable $ 40,000 2,600 Land 22,200 Merchandise inventory 8,200 Accounts payable 5,600 Cash 9,200 Notes payable (due in 7 years) 42,000 Office supplies 2,200 O. Water, Capital 28,000 Wages payable 3,600 Accumulated Depreciation-Buildings 5,200 Prepare a classified balance sheet. Clear Water Co. Current assets Total current assets Plant assets Total plant assets Total assets Current liabilities Total current liabilities Long-term liabilities Total liabilities Total liabilities and equity Balance Sheet December 31 Assets Liabilities Equity Clear Water Company reports the following balance sheet accounts as of December 3 Buildings Accounts receivable $ 40,000 2,600 Land 22,200 Merchandise inventory 8,200 Accounts payable 5,600 Cash 9,200 Notes payable (due in 7 years) 42,000 Office supplies 2,200 O. Water, Capital 28,000 Wages payable 3,600 Accumulated Depreciation-Buildings 5,200 Prepare a classified balance sheet. Clear Water Co. Current assets Total current assets Plant assets Total plant assets Total assets Current liabilities Total current liabilities Long-term liabilities Total liabilities Total liabilities and equity Balance Sheet December 31 Assets Liabilities Equity