On December 31, 2013, 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. Accounts receivable in the 2013 balance sheet will be valued at:

Question

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The accounts receivable in the 2013 balance sheet will be valued at $52,400. This is calculated by subtracting the estimated uncollectible amount of $1,200 from the total accounts receivable of $53,600. So, the answer is C, $52,400.

On December 31, 2013, the End of Larry's Used Cars