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The bookkeeper for Finch's Country Music Bar left this incomplete balance sheet. Finch's working capital is $93,000 and its debt-to- assets ratio is 50
The bookkeeper for Finch's Country Music Bar left this incomplete balance sheet. Finch's working capital is $93,000 and its debt-to- assets ratio is 50 percent. Required Complete the balance sheet by supplying the missing amounts. Finch's Country Music Bar Balance Sheet As of December 31 Assets Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets. Long-term assets $ 28,000 41,000 15,000 Building Less: Accumulated depreciation. (35,000) 224,000 Total long-term assets Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Accounts payable Notes navable 12.000
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