Question: Construct a balance sheet for Sophies Sofas given the following data. (Be sure to list the assets and liabilities in order of their liquidity.) Cash

Construct a balance sheet for Sophies Sofas given the following data. (Be sure to list the assets and liabilities in order of their liquidity.)

Cash balances = $ 6,000
Inventory of sofas = $ 160,000
Store and property = $ 60,000
Accounts receivable = $ 18,000
Accounts payable = $ 13,000
Long-term debt = $ 130,000

BALANCE SHEET OF SOPHIES SOFAS
Assets Liabilities & Shareholders Equity
(Click to select) Accounts receivable Cash Inventory Long-term debt Store & property Shareholders equity Accounts payable $ (Click to select) Inventory Store & property Accounts receivable Long-term debt Accounts payable Cash Shareholders equity $
(Click to select) Inventory Accounts payable Store & property Long-term debt Accounts receivable Cash Shareholders equity (Click to select) Store & property Accounts receivable Shareholders equity Long-term debt Cash Accounts payable Inventory
(Click to select) Accounts payable Long-term debt Store & property Inventory Shareholders equity Accounts receivable Cash (Click to select) Inventory Long-term debt Accounts receivable Accounts payable Shareholders equity Cash Store & property
(Click to select) Cash Accounts receivable Store & property Shareholders equity Long-term debt Accounts payable Inventory
Total assets $ Total liabilities & Shareholders' equity $

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