As part of the initial investment, Jackson contributes accounts receivable that had a balance of $22,500 in the accounts of a sole proprietorship. Of this amount,$3,000 is deemed completely worthless. For the remaining accounts, the partnership will establish a provision for possible future uncollectible accounts of $1,500.The amount debited to Accounts Receivable for the new partnership is 

A) $18,000 

B) $22,500 

C) $21,000 

D) $19,500

Answer rating: 100% (QA)

Acount receivable transferred to new company 2250... View the full answer