Solved: Allowance for doubtful accounts 10000 merchandise inventory, Accounting Basics

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Allowance for doubtful accounts 10000 merchandise inventory

This is an accounting question. Prepare a partial balance sheet.

Acres.com has requested that you prepare a partial balance sheet on December 31, 2015, from the following: Cash, $126,000; Petty Cash, $72; Accounts Receivable, $68,000; Bad Debts Expense, $49,000; Allowance for Doubtful Accounts, $10,000; Merchandise Inventory, $20,000.

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Accounting Basics: Allowance for doubtful accounts 10000 merchandise inventory

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