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E1-3 Preparing a Balance Sheet DSW, Inc. is a designer shoe warehouse, selling luxurious and fashionable shoes. Its balance sheet, at July 30, 2016, contained
E1-3 Preparing a Balance Sheet DSW, Inc. is a designer shoe warehouse, selling luxurious and fashionable shoes. Its balance sheet, at July 30, 2016, contained the following items (listed alphabetically, amounts in thousands). $ 314,400 Accounts Payable Accounts Receivable 49,000 Cash Common Stock Equipment Inventory Notes Payable Retained Earnings 165,800 631,400 688,100 556,100 203,200 310,000 1,459,000 ? Total Assets Total Liabilities and Stockholders' Equity Required: 1. Prepare the balance sheet as of July 30, 2016 solving for the missing amount. 2. As of July 30, did most of the financing for assets come from creditors or stockholders
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