Business, 25.11.2019 23:31 JOEREACH

Using the following (scrambled) accounts prepare a balance sheet for bhatti, incorporated (a retail company) for the year ending december 31, 2003 (assume that these are the only balance sheet accounts): accounts payable 39,000 accrued expenses 8,000 accumulated depreciation 51,000 additional paid-in capital 86,000 allowance for doubtful accounts 2,000 cash 23,000 common stock ($0.20 par) 45,000 current portion of l. t. debt 6,000 gross accounts receivable 40,000 gross fixed assets 486,000 inventories 54,000 long term debt 210,000 net accounts receivable 38,000 net fixed assets 435,000 retained earnings 138,000 short-term bank loan (notes payable) 18,000

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Using the following (scrambled) accounts prepare a balance sheet for bhatti, incorporated (a retail...

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