Prepare a Partial Balance Sheet for the Swanson Company at December

Essay

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