Question: Construct a balance sheet for Sophie's Sofas given the following data, including shareholders' equity. Cash balances = $ 11,000 Inventory of sofas = $ 210,000
Construct a balance sheet for Sophie's Sofas given the following data, including shareholders' equity.
| Cash balances | = | $ | 11,000 |
| Inventory of sofas | = | $ | 210,000 |
| Store and property | = | $ | 110,000 |
| Accounts receivable | = | $ | 23,000 |
| Accounts payable | = | $ | 18,000 |
| Long-term debt | = | $ | 180,000 |
Construct a balance sheet for Sophie's Sofas given the following data, including shareholders' equity. Cash balances Inventory of sofas Store and property Accounts receivable Accounts payable Long-term debt $ 11,000 $210,000 $110,000 $ 23,000 $ 18,000 $180,000 BALANCE SHEET OF SOPHIE'S SOFAS Assets Liabilities & Shareholders' Equity Total assets 0 Total liabilities & shareholders' equity $ 0
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