Question: 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

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 $ 8,500 $185,000 $ 85,000 $ 20,500 $ 15,500 $155, eee = BALANCE SHEET OF SOPHIE'S SOFAS Liabilities & Shareholders' Equity Assets Total assets 0 Total liabilities & shareholders' equity

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