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Problem 5-31 (Algo) Analysis of accounts receivable and allowance for bad debts-determine beginning balances LO 5-5 A portion of the current assets section of the

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Problem 5-31 (Algo) Analysis of accounts receivable and allowance for bad debts-determine beginning balances LO 5-5 A portion of the current assets section of the December 31, 2023, balance sheet for Carr Company is presented here: The company's accounting records revealed the following information for the year ended December 31, 2023 Required: Using the information provided for 2023, calculate the net realizable value of accounts recelvable at December 31, 2022, and prepare the appropriate balance sheet presentation for Cart Company, as of that point in time. (Hint Use T-accounts to analyze the Accounts Recelvable and Allowance for Bad Debts accounts. Remember that you are solving for the beginning balance of each account)

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