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.