Sally's Dress Shop has $5,200 in Accounts Receivable at December 31.The company's accountant estimates that $300 of the $5,200 will never be collected.Complete the current asset section of the balance sheet below.
$\begin{array}{llr}
\text { Current assets} &\
\text {Cash } &\$14,000\
\text { Short-term investments} &4,000\
\text { Accounts receivable} &\
\text { Inventory } &50,000\
\text { Total current assets } &\$\
\end{array}$

Question

Sally's Dress Shop has $5,200 in Accounts Receivable at December 31.The company's accountant estimates that $300 of the $5,200 will never be collected.Complete the current asset section of the balance sheet below.
 $\begin{array}{llr}
  \text {  Current assets} &\
 \text {Cash  } &\$14,000\
 \text {  Short-term investments} &4,000\
 \text {  Accounts receivable} &\
 \text { Inventory } &50,000\
 \text { Total current assets } &\$\
\end{array}$

Quizplus · Accepted Answer

The Answer of Sally's Dress Shop has $5,200 in Accounts Receivable at December 31.The company's accountant estimates that $300 of the $5,200 will never be collected.Complete the current asset section of the balance sheet below.
 $\begin{array}{llr}
  \text {  Current assets} &\
 \text {Cash  } &\$14,000\
 \text {  Short-term investments} &4,000\
 \text {  Accounts receivable} &\
 \text { Inventory } &50,000\
 \text { Total current assets } &\$\
\end{array}$

Sally's Dress Shop Has $5,200 in Accounts Receivable at December