The following information is from the records of armadillo, Ask an Expert

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The following information is from the records of Armadillo Camera Shop: Accounts receivable, December 31, 2015 $20,000 (debit) Allowance for Bad Debts, December 31, 2015 Prior to adjustment 600 (debit) Net credit sales for 2015 95,000 Accounts written off as uncollectible during 2015 350 Bad debts expense is estimated by the aging-of-accounts-receivables method. Management estimates that $2,850 of accounts receivable will be uncollectible. Calculate the amount of net accounts receivable after the adjustment for bad debts. $17,750 $17,150 $16,550 $13,000

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91964703

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