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Problem - Preparing a Balance Sheet
Luxury Shoe Warehouse, lnc. is a designer shoe warehouse, selling some of the most luxurious and fashionable shoes at prices that people can actually afford. Its balance sheet, at February 2, 2013, contained the following (listed alphabetically, amounts in thousands).
Accounts Payable
$282,300
Accounts Receivable
115,800
Cash
315,700
Common Stock
844,100
Equipment
446,300
Inventory
394,800
Notes Payable
128,700
Retained Earnings
17,500
Total Assets
1,272,600
Total Liabilities and Stockholders' Equity
?
Required: Prepare the balance sheet as of February 2, 2013.
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