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4 The bookkeeper for Packard's Country Music Bar left this incomplete balance sheet. Packard's working capital is $90.000 and its debt- to-assets ratio is 40
4 The bookkeeper for Packard's Country Music Bar left this incomplete balance sheet. Packard's working capital is $90.000 and its debt- to-assets ratio is 40 percent. Required Complete the balance sheet by supplying the missing amounts. 20 points eBook $ 21,000 42,000 Print 9,000 References (39,000) 210,000 Assets Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Long-term assets Building Less: Accumulated depreciation Total long-term assets Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Accounts payable Notes payable Income tax payable Total current liabilities Long-term liabilities Mortgage payable Total liabilities Stockholders' equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 12,000 10,500 37,500 105,000
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