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

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Accounting

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Clear Water Company reports the following balance sheet accounts as of December 31. 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 $ 35,000 2,400 19,800 7,800 5,400 8,800 38,000 1,800 10,000 14,000 3,400 4,800 Prepare a classified balance sheet. Clear Water Company Balance Sheet December 31 Assets Current assets Total current assets 0 0 Total current assets $ Plant assets 0 Total plant assets Total assets Liabilities Current liabilities $ 0 Total current liabilities Long-term liabilities Total liabilities 0 Equity Total liabilities and equity $ $ 0

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