I'm going nuts trying to figure this out if someone could help it will greatly appreciated.

I'm trying to figure out what the Accounts Receivables will be on the balance sheet for this problem.

Accounts receivable (net) 40,500

The net accounts receivable balance is comprised of the following three items: (a) accounts receivable–debit balances $52,000; (b) accounts receivable–credit balances $8,000; (c) allowance for doubtful accounts $3,500.

Merchandise inventory costing $5,300 was shipped out on consignment on July 31, 2007. The ending inventory balance does not include the consigned goods. Receivables in the amount of $5,300 were recognized on these consigned goods.

Thanks in advance to everyone!