The bookkeeper for andys country music bar went insane and

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The bookkeeper for Andy's Country Music Bar went insane and left this incomplete balance sheet. Andy's working capital is $95,000 and its debt to assets ratio is 40 percent.

Assets


Current assets


Cash

$ 21,000

Accounts receivable

42,000

Inventory

(A)

Prepaid items

9,000



Total current assets

(B)

Long-term assets


Building

(C)

Less: Accumulated depreciation

(39,000)



Total long-term assets

210,000



Total assets

$ (D)



Liabilities and Stockholders' Equity


Liabilities


Current liabilities


Accounts payable

$ (E)

Notes payable

12,000

Income tax payable

10,500



Total current liabilities

37,500

Long-term liabilities


Mortgage payable

(F)

Total liabilities

(G)

Stockholders' equity


Common stock

105,000

Retained earnings

(H)

Total stockholders' equity Total liabilities and stockholders' equity

(I) $ (J)

Required

Complete the balance sheet by supplying the missing amounts.

Reference no: EM13574768

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