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On December 31, 2016, the end of Larry's Used Cars' first year of operations, the accounts receivable was $53,800. The company estimates that $1,700 of the year-end receivables will not be collected. Accounts receivable in the 2016 balance sheet will be valued at:

rev: 09_29_2014_QC_54890

$55,500.

$1,700.

$52,100.

$53,800.

Respuesta :

Answer:

$52,100

Explanation:

Given that,

Larry's Used Cars' first year of operations, the accounts receivable = $53,800

Company estimates that year-end receivables will not be collected = $1,700

Accounts receivable in the 2016:

= First year accounts receivables - Year end receivables not collected

= $53,800 - $1,700

= $52,100

Therefore, the accounts receivables in the 2016 balance sheet will be valued at $52,100.

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