Question: Acorn.com has requested that you prepare a partial balance sheet on December 31, 2015, from the following: Cash, $124,000; Petty Cash, $68; Accounts Receivable, $66,000;

Acorn.com has requested that you prepare a partial on December 31, 2015, from the following: Cash, $124,000; Petty Cash, $68; Accounts Receivable, $66,000; Bad Debts Expense, $52,000; Allowance for Doubtful Accounts, $13,000; Merchandise Inventory, $15,000.

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