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


Construct a balance sheet for Sophie's Sofas given the following data. (Be sure to list the assets and liabilities in order of their liquidity.) = $ 6,000 160,000 = $ 60,000 = $ Cash balances Inventory of sofas Store and property Accounts receivable Accounts payable Long-term debt = $ 18,000 = $ 13,000 130,000 = $ Assets (Click to select) . BALANCE SHEET OF SOPHIE'S SOFAS Liabilities & Shareholders' Equity $ (Click to select) (Click to select) (Click to select) $ . (Click to select) (Click to select) (Click to select) 4 Total assets Total liabilities & Shareholders' equity (Click to select) Cash Shareholders' equity Accounts receivable Inventory Accounts payable Store & property Long-term debt
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