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On December 31, 2011, the end of Larry's Used Cars first year of operations, the accounts receivable was $53,600. The company estimates that $1,200 of
On December 31, 2011, 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 2011 balance sheet will be valued at:
Select one: a. $54,800. b. $53,600. c. $52,400. d. $1,200.
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