On December 31, 2009, the End of Larry's Used Cars

Multiple Choice

On December 31, 2009, the end of Larry's Used Cars first year of operations, the accounts receivable was $53,600. The company estimates that $1,200 of the year-end receivables will not be collected. Accounts receivable in the 2009 balance sheet will be valued at:

A) $53,600.
B) $54,800.
C) $52,400.
D) $ 1,200.Accounts receivable = $53,600 1,200 = $52,400