Prepare a partial balance sheet for the Swanson Company at December 31,201X,from the following information:
$$\begin{array} { l r }
\text { Accounts Receivable } & \$ 7,000 \
\text { Prepaid Rent } & 500 \
\text { Allowance for Doubtful Accounts } & 500 \
\text { Bad Debt Expense } & 1,000 \
\text { Cash } & 10,000 \
\text { Merchandise Inventory } & 4,500
\end{array}$$

Question

Prepare a partial balance sheet for the Swanson Company at December 31,201X,from the following information:
 $$\begin{array} { l r } 
\text { Accounts Receivable } & \$ 7,000 \
\text { Prepaid Rent } & 500 \
\text { Allowance for Doubtful Accounts } & 500 \
\text { Bad Debt Expense } & 1,000 \
\text { Cash } & 10,000 \
\text { Merchandise Inventory } & 4,500
\end{array}$$

Quizplus · Accepted Answer

The Answer of Prepare a partial balance sheet for the Swanson Company at December 31,201X,from the following information:
 $$\begin{array} { l r } 
\text { Accounts Receivable } & \$ 7,000 \
\text { Prepaid Rent } & 500 \
\text { Allowance for Doubtful Accounts } & 500 \
\text { Bad Debt Expense } & 1,000 \
\text { Cash } & 10,000 \
\text { Merchandise Inventory } & 4,500
\end{array}$$

Prepare a Partial Balance Sheet for the Swanson Company at December