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The bookkeeper for Campbell's Country Music Bar left this incomplete balance sheet. Campbell's working capital is $99,000 and its debt-to-assets ratio is 40 percent. Required
The bookkeeper for Campbell's Country Music Bar left this incomplete balance sheet. Campbell's working capital is $99,000 and its debt-to-assets ratio is 40 percent. Required Complete the balance sheet by supplying the missing amounts. 25,000 35,000 14,000 (44,000) 218,000 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 5,000 8,800 36,500 103,000
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