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Clear Water Company reports the following balance sheet accounts as of December 31. Buildings Accounts receivable $ 52,500 3,100 Land 28,200 9,200 6,100 Merchandise inventory Accounts payable Cash Notes payable (due in 7 years) Office supplies Common stock Retained earnings Wages payable Accumulated Depreciation-Buildings Prepare a classified balance sheet. 10,200 52,000 3,200 17,000 21,000 4,100 6,200

Clear Water Company reports the following balance sheet accounts as of December 31. Buildings Accounts receivable $ 52,500 3,100 Land 28,200 9,200 6,100 Merchandise inventory Accounts payable Cash Notes payable (due in 7 years) Office supplies Common stock Retained earnings Wages payable Accumulated Depreciation-Buildings Prepare a classified balance sheet. 10,200 52,000 3,200 17,000 21,000 4,100 6,200

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Clear Water Company reports the following balance sheet accounts as of December 31. $ 52,500 3,100 28, 200 Buildings Accounts receivable Land Merchandise inventory Accounts payable Cash Notes payable (due in 7 years) Office supplies Common stock Retained earnings Wages payable Accumulated Depreciation-Buildings Prepare a classified balance sheet. Clear Water Company Balance Sheet December 31 9,200 6,100 10,200 52,000 3,200 17,000 21,000 4,100 6,200
Transcribed Image Text:Clear Water Company reports the following balance sheet accounts as of December 31. $ 52,500 3,100 28, 200 Buildings Accounts receivable Land Merchandise inventory Accounts payable Cash Notes payable (due in 7 years) Office supplies Common stock Retained earnings Wages payable Accumulated Depreciation-Buildings Prepare a classified balance sheet. Clear Water Company Balance Sheet December 31 9,200 6,100 10,200 52,000 3,200 17,000 21,000 4,100 6,200
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