DSW, Inc., is a designer shoe warehouse, selling some of the most luxurious and fashionable shoes at
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Accounts Payable..................... $149,722.................. Other Liabilities............ $122,822
Accounts Receivable.....................12,514..Property, Plant, and Equipment............. 210,391
Cash....................................... 93,617................ Retained Earnings.............. 326,382
Contributed Capital.................... 314,382........................ Total Assets........... 1,008,897
Notes Payable............................ 95,589. Total Liabilities and Stockholders' Equity......... ?
Other Assets............................. 692,375
Required:
1. Prepare the balance sheet as of January 29, 2011, solving for the missing amount.
2. As of January 29, did most of the financing for assets come from creditors or stockholders?
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025372
4th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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