Question: On December 3 1 , 2 0 2 4 , the end of Larry's Used Cars' first year of operations, the accounts receivable was $

On December 31,2024, the end of Larry's Used Cars' first year of operations, the accounts receivable was $54,000. The company estimates that $2,400 of the year-end receivables will not be collected. Net accounts receivable in the 2024 balance sheet will be valued at:
Multiple Choice
$54,000.
$2,400.
$51,600.
$56,400.

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