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2 4.28 oints Book Required: 1. Give the account name commonly used for each item listed. 2. Prepare the balance sheet as of August 3,
2 4.28 oints Book Required: 1. Give the account name commonly used for each item listed. 2. Prepare the balance sheet as of August 3, 2019, providing appropriate totals and subtotals. 3. As of August 3, did most of the financing for assets come from creditors or stockholders? Complete this question by entering your answers in the tabs below. Hirt Print References Required 1 Required 2 Required 3 Prepare the balance sheet as of August 3, 2019, providing appropriate totals and subtotals. (Enter your answers in millions (ie 10,000,000 should be entered as 10).) SMITH'S SHOE WAREHOUSE, Incorporated Balance Sheet At August 3, 2019 (in millions) S S Check my work 2 28 pints Book Hint Print eferences Smith's Shoe Warehouse, Incorporated, previously called DSW, sells luxurious and fashionable shoes. Its balance sheet, at August 3, 2019 (the first Saturday of the month), contained the following items and approximate amounts (in millions). Amounts owed to suppliers Smith's Shoe Warehouse's right to collect on account Currency and bank account balances Common stock issued to stockholders Warehouses, stores, and offices Merchandise held for sale Amounts owed for promissory notes Accumulated profits of the company Required: 1. Give the account name commonly used for each item listed. $684 102 92 494 1,785 768 1,265 304 2. Prepare the balance sheet as of August 3, 2019. providing appropriate totals and subtotals. 3. As of August 3, did most of the financing for assets come from creditors or stockholders? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Give the account name commonly used for each item listed. Amounts owed to suppliers Item Smith's Shoe Warehouse's right to collect on account Currency and bank account balances Account Name Accounts Payable Accounts Receivable Cash Common stock issued to stockholders Warehouses, stores, and offices Merchandise held for sale Amounts owed for promissory notes Common Stock Buildings Inventory Notes Payable Accumulated profits of the company Retained Earnings Check my work 2 4.28 oints eBook Hint Print eferences Smith's Shoe Warehouse, Incorporated, previously called DSW, sells luxurious and fashionable shoes. Its balance sheet, at August 3, 2019 (the first Saturday of the month), contained the following items and approximate amounts (in millions). Amounts owed to suppliers Smith's Shoe Warehouse's right to collect on account Currency and bank account balances Common stock issued to stockholders Warehouses, stores, and offices Merchandise held for sale Amounts owed for promissory notes Accumulated profits of the company Required: 1. Give the account name commonly used for each item listed. $ 684 102 92 494 1,785 768 1,265 304 2. Prepare the balance sheet as of August 3, 2019, providing appropriate totals and subtotals. 3. As of August 3, did most of the financing for assets come from creditors or stockholders? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required As of August 3, did most of the financing for assets come from creditors or stockholders? Most of the financing for assets came from creditors
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