*beginning balance

A portion of the current assets section of the December 31, 2017, balance sheet for Carr Co, is presented here $ 100.000 Less Allowance for bad debts (14000) $ 86,000 The company's accounting records revealed the following information for the year ended December 31, 2017 Sales (all on account) Cash collections from customers Accounts written off Bad debts expense (accrued at 12/31/17) 5800,000 820,000 30,000 24,000 Using the information provided for 2017, calculate the net realizable value of accounts receivable at December 31, 2016, and prepare the appropriate balance sheet presentation for Can point in time (Hint Use T-accounts to analyze the Accounts Receivable and Allowance for Bad Debts accounts Remember that you are solving for the beginning balance of each accour 31, 2016 Less Allowance for bad debts Accounts receivable (Net)