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Amounts owed to suppliers Designer Brands' right to collect on account $650 Warehouses, stores, and offices Currency and bank account balances 85 Merchandise held for
Amounts owed to suppliers Designer Brands' right to collect on account $650 Warehouses, stores, and offices Currency and bank account balances 85 Merchandise held for sale Common stock issued to stockholders 75 Amounts owed for promissory notes 460 Accumulated profits of the company Required: Give the account name commonly used for each item listed. Prepare the balance sheet as of August 3,2019, providing appropriate totals and subtotals. As of August 3, did most of the financing for assets come from creditors or stockholders
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