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Michelle amp alexus inc had the following items on their

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Michelle & Alexus, Inc. had the following items on their 12/31/07 balance sheet:

Cash $ 32,203

Accounting payable 14,055

Deferred income taxes 9.849

Retained earnings 102,403

Accrued expenses 20.981

Prepaid expenses 3,478

Revolving line of credit, long-term 7,288

Short-term debt 12,275

Current maturities of long-term debt 3,301

Arbitration award 9.075

Long-term debt, net of current portion 49,900

Other long-term obligations 5,218

Prepare the liabilities section of Michelle & Alexus, Inc. as of 12/31/07.

Reference no: EM13387632

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