Question: GBB Incorporated had a problem with an excel spreadsheet accidentally erasing some numbers. Knowing that you are a UWEC Blugold, he is coming to
GBB Incorporated had a problem with an excel spreadsheet accidentally erasing some numbers. Knowing that you are a UWEC Blugold, he is coming to you for help. Can you help them by filling in the missing numbers of the balance sheet below? FYI- working capital is $539,000. GBB Incorporated Balance Sheet Accounts Cash 139,000 181,000 Payable Accounts 235,000 Notes Payable Receivable Total Current Inventories 482,400 Liabilities Total Current Long-term 550,000 Assets Debt Fixed Assets 1,038,000 Total Liabilities 867,400 Less: Common Stock 250,000 Depreciation Net Fixed Assets Retained 525,000 264,000 Earnings Total Equity 514,000 Total Liabilities Total Assets 1,381,400 & Equity Net Working Capital = 539,000
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