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Construct a balance sheet for Sophie's Sofas given the ollowing data.(Be sure to list the assets and liabilities in order of their liquidity.) Cash balances
Construct a balance sheet for Sophie's Sofas given the ollowing data.(Be sure to list the assets and liabilities in order of their liquidity.) Cash balances $ 9,500 Inventory of sofas = $ 195,000 Store and property = $ 95,000 Accounts receivable = $ 21,500 Accounts payable = $ 16,500 Long-term debt $ 165,000 BALANCE SHEET OF SOPHIE'S SOFAS Liabilities & Shareholders' Equity (Click to select) (Click to select) (Click to select) Assets Click to select) (Click to select) (Click to select) (Click to select Total assets Total liabilities & Shareholders' equity
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