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Other Fields Homework Help Accounting Topic started by: H3Ko on Aug 29, 2016



Title: The following information is from the records of Pangolin Camera Shop:Accounts Receivable, December ...
Post by: H3Ko on Aug 29, 2016
The following information is from the records of Pangolin Camera Shop:

Accounts Receivable, December 31, 2017   $24,000 (debit)
Allowance for Bad Debts, December 31, 2017 prior to adjustment   500 (debit)
Net credit sales for 2017   93,000
Accounts written off as uncollectible during 2017   350

Bad expense is estimated by the aging-of-receivables method. Management estimates that $3,050 of accounts receivable will be uncollectible. Calculate the amount of net accounts receivable after the adjustment for bad debts.
A) $20,100
B) $20,450
C) $20,950
D) $21,450


Title: Re: The following information is from the records of Pangolin Camera Shop:Accounts Receivable, ...
Post by: Mrgo-breed on Aug 29, 2016
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Title: Re: The following information is from the records of Pangolin Camera Shop:Accounts Receivable, December ...
Post by: H3Ko on Oct 12, 2016
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.


Title: Re: The following information is from the records of Pangolin Camera Shop:Accounts Receivable, December ...
Post by: Mrgo-breed on Oct 16, 2016
Excellent :)