Chapter 3.1

Construct a balance sheet for Sophie's Sofas given the following data Cash balances Inventory of sofa Store and property Accounts receivable Accounts payable Long-term debt - $ 7,500 -$175,000 -$ 75,000 $. 19,500 -14,500 -$145,000 BALANCE SHEET OF SOPHIE'S SOFAS Assets Liabilities & Shareholders' Equity ash Accounts receivable nventory Accounts payable tore and property Total assets 0 Total liabilities & shareholders' equity S PreX 1 of 10 Next >