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Problem 9-20 Supply missing balance sheet numbers LO 9-2, 9-3 The bookkeeper for Rakov's Country Music Bar left this incomplete balance sheet. Rakov's working capital
Problem 9-20 Supply missing balance sheet numbers LO 9-2, 9-3 The bookkeeper for Rakov's Country Music Bar left this incomplete balance sheet. Rakov's working capital is $92,000 and its debt to assets ratio is 50 percent. Complete the balance sheet by supplying the missing amounts. Assets Current assets Cash Accounts receivable Inventory Prepaid expenses $ 24,000 37,000 14,000 Total current assets Long-term assets Building Less: Accumulated depreciation (44,000) 219,000 Total long-term assets Total assets Liabilities and Stockholders' Equity Liabilities
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