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The bookkeeper for Baird's Country Music Bar left this incomplete balance sheet. Baird's working capital...

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Accounting

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The bookkeeper for Baird's Country Music Bar left this incomplete balance sheet. Baird's working capital is $95,000 and its debt-to- assets ratio is 40 percent. Required Complete the balance sheet by supplying the missing amounts. Required Complete the balance sheet by supplying the missing amounts. Assets Current assets Cash 24,000 33,000 Accounts receivable Inventory 10,000 Prepaid expenses Total current assets Long-term assets Building Less: Accumulated depreciation Total long-term assets Total assets Liabilities and Stockholders' Equity (49,000) 220,000 Liabilities Current liabilities Accounts payable Notes payable 10,000 9,200 37,100 Income tax payable Total current liabilities Long-term liabilities Mortgage payable Total liabilities 90,000 Stockholders' equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity

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