The following information is from the records of Chicago Photography: Accounts Receivable, December 31, 2019 $22,000...
The following information is from the records of Chicago Photography:
| Accounts Receivable, December 31, 2019 | $22,000 (debit) |
| Allowance for Bad Debts, December 31, 2019 prior to adjustment | 800 (debit) |
| Net credit sales for 2019 | 95,000 |
| Accounts written off as uncollectable during 2019 | 450 |
Bad debts expense is estimated by the aging-of-receivables method. Management estimates that $2850 of accounts receivable will be uncollectible. Calculate the amount of net accounts receivable after the adjustment for bad debts.
A. $19,150
B. $17,900
C. $18,350
D. $19,950
Homework Answers
|
Amount of net accounts receivable after the adjustment for bad debts = Accounts Receivable Dec 31,2019 - Estimated Uncollectibles = 22,000 - 2,850 = 19,150 Option A |
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The following information is from the records of Chicago
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