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20 February, 18:10

On december 31, 2016, the end of larry's used cars' first year of operations, the accounts receivable was $54,500. the company estimates that $1,200 of the year-end receivables will not be collected. accounts receivable in the 2016 balance sheet will be valued at:

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  1. 20 February, 18:22
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    Accounts receivable - allowance for uncollectible accounts

    54,500-1,200=53,300
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