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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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8 years ago
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
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Mrgo-breedMrgo-breed
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8 years ago
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H3Ko Author
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#2
8 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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#3
8 years ago
Excellent Slight Smile
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