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On December 31, 2024, the end of Larry's Used Cars' first year of operations, the...

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Accounting

On December 31, 2024, the end of Larry's Used Cars' first year of operations, the accounts receivable was $54,200. The company estimates that $1,400 of the year-end receivables will not be collected. Net accounts receivable in the 2024 balance sheet will be valued at:

Multiple Choice

$52,800.

$55,600.

$54,200.

$1,400.

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