Cream together butter and sugars in large bowl. Slowly mix in eggs, water, and flavor extracts.
In another bowl combine remaining ingredients. Slowly add the dry ingredients to the wet, mixing between additions.
Place dough in refrigerator for 60-90 minutes.
When ready to bake preheat oven to 400˚F. Roll out dough into balls about 1 inch across. Place on lined baking sheets about 2 inches apart. Flatten with back of fork and sprinkle lightly with granulated sugar.
Bake for 8-10 minutes or until under sides become golden. Do not overbake.
Allow to cool on baking sheet for 5 minutes before transferring to wire rack to cool completely.
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