Consumers are stakeholders in both the narrow and wide sense.

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

Cost of sales refers to the cost of the merchandise that:

a. company purchased during the period b. customers returned during the period c. company have at the end of the period d. customers purchased during the period e. company have at the beginning of the period