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Construct a balance sheet for Sophie's Sofas given the following data, including shareholders' equity. Cash balances $ 7,000 Inventory of sofas $ 170,000 Store and
Construct a balance sheet for Sophie's Sofas given the following data, including shareholders' equity.
| Cash balances | $ 7,000 |
|---|---|
| Inventory of sofas | $ 170,000 |
| Store and property | $ 70,000 |
| Accounts receivable | $ 19,000 |
| Accounts payable | $ 14,000 |
| Long-term debt | $ 140,000 |
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Accounting A Systems Approach
Authors: Alison Warman, Jeff Davies
1st Edition
1861520379, 978-1861520371
