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Peggy's Shoe Warehouse, Incorporated, previously called DSW, sells luxurious and fashionable shoes. Its balance sheet, at August 2019 (the first Saturday of the month), contained

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Peggy's Shoe Warehouse, Incorporated, previously called DSW, sells luxurious and fashionable shoes. Its balance sheet, at August 2019 (the first Saturday of the month), contained the following items and approximate amounts (in millions). $ 654 87 Amounts owed to suppliers Peggy's shoe Warehouse's right to collect on account Currency and bank account balances Common stock issued to stockholders Warehouses, stores, and offices Merchandise hold for sale Amounts owed for promissory notes Accumulated profits of the company Required: 464 1,710 708 1,190 274 1. Give the account name commonly used for each item listed. 2. Prepare the balance sheet as of August 3, 2019. providing appropriate totals and subtotals. 3. As of August 3, did most of the financing for assets come from creditors or stockholders? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the balance sheet as of August 3, 2019, providing appropriate totals and subtotals. (Enter your answers in millions (.e., 10,000,000 should be entered as 10).) PEGGY'S SHOE WAREHOUSE, Incorporated Balance Sheet At August 3, 2019 1 PEGGY'S SHOE WAREHOUSE, Incorporated + Balance Sheet At August 3, 2019 (in millions) Assets Cash Accounts Receivable ook int Inventory Equipment Total Assets $ 0 Liabilities Accounts Payable Notes Payable Total Liabilities 0 Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 0 $ 0

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