work $\backslash (\backslash$mathbf$\{$i$\}\backslash )$

Clear Water Company reports the following balance sheet accounts as of December $31.$

$\backslash$begin$\{$tabular$\}\{$lr$\}$

Buildings & $\backslash (\backslash$$ $55,000\backslash )\backslash \backslash$

Accounts receivable & $3,200\backslash \backslash$

Land & $29,400\backslash \backslash$

Merchandise inventory & $9,400\backslash \backslash$

Accounts payable & $6,200\backslash \backslash$

Cash & $10,400\backslash \backslash$

Notes payable $($due in $7$ years$)$ & $54,000\backslash \backslash$

Office supplies & $3,400\backslash \backslash$

$0.$ Water, Capital & $40,000\backslash \backslash$

Wages payable & $4,200\backslash \backslash$

Accumulated Depreciation$-$Buildings & $6,400$

$\backslash$end$\{$tabular$\}$

Prepare a classified balance sheet.

Mc

Graw

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