The following information is from the records of Pangolin Camera Shop: $$\begin{array} { | l | r | }
\hline
\text { Accounts Receivable, December 31,2017 }& \$ 24,000 \text { (debit) } \
\hline\text { Allowance for Bad Debts, December 31,2017 } \
\text { prior to adjustment }&500 \text { (debit) } \
\hline \text { Net credit sales for 2017 }&93,000 \
\hline \text { Accounts written off as uncollectible during } & \
2017 &350 \
\hline
\end{array}$$ 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.

Question

The following information is from the records of Pangolin Camera Shop: $$\begin{array} { | l | r | } 
\hline 
\text { Accounts Receivable, December 31,2017 }& \$ 24,000 \text { (debit) } \
\hline\text { Allowance for Bad Debts, December 31,2017 } \
\text { prior to adjustment }&500 \text { (debit) }  \
\hline \text { Net credit sales for 2017 }&93,000 \
\hline \text { Accounts written off as uncollectible during } & \
 2017 &350 \
\hline 
\end{array}$$ 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.

Quizplus · Accepted Answer

The Answer of The following information is from the records of Pangolin Camera Shop: $$\begin{array} { | l | r | } 
\hline 
\text { Accounts Receivable, December 31,2017 }& \$ 24,000 \text { (debit) } \
\hline\text { Allowance for Bad Debts, December 31,2017 } \
\text { prior to adjustment }&500 \text { (debit) }  \
\hline \text { Net credit sales for 2017 }&93,000 \
\hline \text { Accounts written off as uncollectible during } & \
 2017 &350 \
\hline 
\end{array}$$ 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.

The Following Information Is from the Records of Pangolin Camera