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Larry's Used Cars had $53,000 in accounts receivable at the end of its first year of operations on December 31, 2018. The company estimated that $2,000 of the accounts receivable would be uncollectible. After accounting for the $2,000 in estimated uncollectibles, the amount of accounts receivable to report on the 2018 balance sheet is $51,000.
Larry's Used Cars had $53,000 in accounts receivable at the end of its first year of operations on December 31, 2018. The company estimated that $2,000 of the accounts receivable would be uncollectible. After accounting for the $2,000 in estimated uncollectibles, the amount of accounts receivable to report on the 2018 balance sheet is $51,000.
Larry's Used Cars had $53,000 in accounts receivable at the end of its first year of operations on December 31, 2018. The company estimated that $2,000 of the accounts receivable would be uncollectible. After accounting for the $2,000 in estimated uncollectibles, the amount of accounts receivable to report on the 2018 balance sheet is $51,000.
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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