Saved TB 02-51 The Sweet Smell of Success Fragrance Company.. The Sweet Smell of Success Fragrance Company borrowed $60,000 from the bank and used all of the money to re-design its new store. Sweet...

Extracted text: Saved TB 02-51 The Sweet Smell of Success Fragrance Company.. The Sweet Smell of Success Fragrance Company borrowed $60,000 from the bank and used all of the money to re-design its new store. Sweet Smell's balance sheet would show this as: Multiple Choice $60,000 under Other Assets and $60,000 under Other Liabilities. $60,000 under Property, Plant & Equipment and $60,000 under Notes Payable. $60,000 under Prepaid Expenses and $60,000 under Accrued Liabilities. $60,000 under Supplies and $60,000 under Accounts Payable.