Question

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:

Answer 1

accounts receivable - allowance for uncollectible accounts

54,500−1,200=53,300