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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