A Careless Accountant Splattered Spaghetti Sauce on Kitchen Company's Balance
Question 145
Question 145
Essay
A careless accountant splattered spaghetti sauce on Kitchen Company's balance sheet.The balance sheet with its missing amounts is provided below: AssetsCurrent Assets:Cash Accounts receivable Inventory Prepaid expenses Total current assets Long Term Assets: Building Less: Accumulated depreciation Total Long-term assets Total assets Eonities Liabilities Current liabilities: Accounts payable Notes payable Income tax payable Total current liabilities Mortgage payable Total Liabilities Stockholders’ Equity: Common Stock Retained Earnings Total Stockholders’ Equity Total Liabilities + Equity $32,200 (A) 85,10013,800 (B) (C) 59,800$328,900 (D) $16,100(E)18,400$57,500(F)(G)161,000195,900(H) (I) Kitchen Company's working capital is $138,000. Required: Compute the missing amounts.Record your answers in the following table: A.B.C.D.E.F.G.H.I.
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