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Supply missing balance sheet numbers CHECK FIGURES d: $337,500 f: $97,500 The bookkeeper for Packards Country Music Bar left this incomplete balance sheet. Packards working
Supply missing balance sheet numbers
CHECK FIGURES d: $337,500 f: $97,500
The bookkeeper for Packards Country Music Bar left this incomplete balance sheet. Packards working capital is $90,000 and its debt-to-assets ratio is 40 percent.
Required Complete the balance sheet by supplying the missing amounts.
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 $21,000 42,000 (A) 9,000 (B) (C) 210,000(39,000) (D) Liabilities and Stockholders' Equity Liabilities Current liabilities Accounts payable Notes payable Income tax payable Total current liabilities Long-term liabilities Mortgage payable Total liabilities Stockholders' equity Common stock (F) Retained earnings (G) Total stockholders' equity (F)(G)105,000(H)$(l)(J) Total liabilities and stockholders' equityStep by Step Solution
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