Baghdad Furniture Store (a sole proprietorship) did not have complete records on double entry basis, however, from an investigation of its records you have established the information below:- a- The assets and liabilities as of January 1 2008 were:- Debits Cash $5200 Account receivable 11000 Fixtures 3000 Prepaid insurance 150 Supplies 80 Inventory 20000 Account payable $ 4500 Accrued other expenses 200