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.
$\begin{array}{|l|l|}
\hline \text { Current assets } &\
\text { Cash } &\$14,000\
\text { Short-term investments } &4,000\
\text { Accounts receivable } &\\
\text { Inventory} &50,000\
\text { Total current assets } &\$\
\hline
\end{array}$

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.
 $\begin{array}{|l|l|}
 \hline \text { Current assets } &\
 \text { Cash } &\$14,000\
 \text { Short-term investments } &4,000\
 \text { Accounts receivable } &\\
 \text {  Inventory} &50,000\
 \text { Total current assets } &\$\
\hline
\end{array}$

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.
 $\begin{array}{|l|l|}
 \hline \text { Current assets } &\
 \text { Cash } &\$14,000\
 \text { Short-term investments } &4,000\
 \text { Accounts receivable } &\\
 \text {  Inventory} &50,000\
 \text { Total current assets } &\$\
\hline
\end{array}$

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