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Q1) Balance Sheet. Create a balance sheet for Sophie's Sofas provide the following data. Determine Shareholders equity?

Cash Balances = $10,000

Inventory of sofas = $200,000

Store and property = $100,000

Accounts receivable = $22,000

Accounts payable = $17,000

Long-term debt = $170,000

 

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M916920

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