How do you 2- For the above Shoe Store please construct a Balance Sheet on the first day of 2020, at 9am with the following info:Money in the bankCash in cash-register$5,5001,200Raw material in storage6,300Shoes ready to be sold12,500Machinery and sewing machine22,000Show room Furniture12,500Truck8,600Other assets3,400Owner money (capital)$35,000Loan from bank #112,000Loan from bank #28,000Balance on Credit Card of owner4,000Balance on Credit Card of shoe store5,500Loan from friends7,500

A balance sheet is the statement which shows about the financial status in terms of the strength…

Answered: 2- For the above Shoe Store please…

Business

Accounting

2- For the above Shoe Store please construct a Balance Sheet on the first day of 2020, at 9am with the following info:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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