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

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Accounting

On December 31,2024, the end of Larry's Used Cars' first year of operations, the accounts receivable was $53,600. The company estimates that $1,200 of the year-end receivables will not be collected. Net accounts receivable in the 2024 balance sheet will be valued at:
Multiple Choice
$52,400.
$54,800.
$53,600.
$1,200.

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