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.) Cash
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.) Cash balances $ 9,000 Inventory of 190,000 sofas Store and 90,000 property Accounts $ 21,000 receivable Accounts - $ 16,000 payable 160,000 Long-term debt - $ Assets (Click to select (Click to select Click to select) (Click to select) BALANCE SHEET OF SOPHIE'S SOFAS Liabilities & Shareholders' Equity (Click to select) (Click to select) Click to select) Total assets Total liabilities & Shareholders equity
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