Question: Hamlett has requested that you prepare a partial balance sheet on December 31, 2012, from the following: Cash, $122,000; Petty Cash, $73; Accounts Receivable, $66,000;

Hamlett has requested that you prepare a partial balance sheet on December 31, 2012, from the following: Cash, $122,000; Petty Cash, $73; Accounts Receivable, $66,000; Bad Debts Expense, $47,000; Allowance for Doubtful Accounts, $17,000; Merchandise Inventory, $19,000.

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