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As part of the initial investment, Omar contributes accounts receivable that had a balance of $25,000 in the accounts of a sole proprietorship. Of this amount, $1,150 is completely worthless. For the remaining accounts, the partnership will establish a provision for possible future uncollectible accounts of $750. The amount debited to Accounts Receivable for the new partnership is :

a. $23,100

b. $25,000

c. $24,250

d. $23,850

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9444484

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