The following information is from the records of Chicago Photography: 
Bad debts expense is estimated by the aging-of-receivables method.Management estimates that $2950 of accounts receivable will be uncollectible.Calculate the amount of net accounts receivable after the adjustment for bad debts.
A) $21,750
B) $21,050
C) $20,350
D) $19,950
Correct Answer:
Verified
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