ACC1002 __________________________________________________________________________ QUESTION 3 The following shows the comparative balance sheets and income statement of Wescott Company. Wescott Company Balance Sheets At December 31 2011 2010 Assets: Cash $ 85,600 $ 65,200 Accounts receivable, net. 72,850 56,750 Merchandise inventory 157,750 144,850 Prepaid expenses. 6,080 12,680 Equipment 280,600 245,600 Accumulated […]