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  • Option A $51,000. Beginning Balance $ 53,000 Less: Uncollectibles $ - 2,000 Ending Balance $ 51,000

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    17 views3 pages

    Option A $51,000. Beginning Balance $ 53,000 Less: Uncollectibles $ - 2,000 Ending Balance $ 51,000

    Uploaded by

    mohitgaba19

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    On December 31, 2018, the end of Larry's Used Cars' first year of operations, the accounts receivable was

    $53,000. The company


    Multiple Choice
    $51,000. OPTION a
    $2,000. $51,000.
    $53,000.
    $55,000. Beginning balance $ 53,000
    less: uncollectibles $ -2,000
    Ending balance $ 51,000
    e was $53,000. The company estimates that $2,000 of the year-end receivables will not be collected. Accounts receivable in the 2018 balance sheet will be
    in the 2018 balance sheet will be valued at:

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