The bookkeeper for Vernon's Country Music Bar left this incomplete balance sheet. Vernon's working capital...
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Accounting
The bookkeeper for Vernon's Country Music Bar left this incomplete balance sheet. Vernon's working capital is $90,000 and its debt- to-assets ratio is 50 percent. Required Complete the balance sheet by supplying the missing amounts $ 26,000 39,000 12,000 (39,000) 225,000 Assets Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Long-term assets Building Loss: Accumuladoreciation Total long toto Total assets Llabilities and Stockholders Equity Llabilitie Curities Accounts payable Notes payable Income tax payablo Total current abilities Long-term liabilities Mortgage payable Total abilities Stockholders' equity Common stock Retained earnings Total stockholders equity Total liabilities and stockholders' equity 6,000 10,500 36,700 105,000
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