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) $21,450
B) $20,950
C) $20,450
D) $20,100
B .$24,000 - $3,050 = $20,950
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