Question
The bookkeeper for Andys Country Music Bar went insane and left this incomplete balance sheet. Andys working capital is $95,000 and its debt to assets
The bookkeeper for Andys Country Music Bar went insane and left this incomplete balance sheet. Andys working capital is $95,000 and its debt to assets ratio is 40 percent. Complete the balance sheet by supplying the missing amounts. (Round your answers to the nearest whole dollar amount. Omit the "$" sign in your response.)
Assets
Current Assets
Cash $21,000
Accounts Receivable 42,000
Inventory $
Prepaid Expenses 9,000 Total Current Assets $
Long-Term Assets Building $
Less: Accumulated Depreciation (39,000)
Total Long Term Assets 210,000
Total Assets $
Liabilities and Stockholder's Equities
Liabilities
Current Liabilities
Accounts Payable $
Notes Payable 12,000
Income Tax Payable 10,500
Total Current Liabilities 37,500
Long-Term Liabilities Mortgage Payable $
Total Liabilities $
Stockholders Equity
Common Stock 105,000
Retained Earnings $
Total Stockholders Equity $
Total Liabilities and Stockholders Equity $
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