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Legacy Company uses the aging of accounts receivable method. The company performed an aging of accounts receivable on December 31 a gathered the following information:

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Legacy Company uses the aging of accounts receivable method. The company performed an aging of accounts receivable on December 31 a gathered the following information: Accounts Receivable Unadjusted Credit balance in Allowance for Doubtful Accounts Estimated Uncollectible Accounts Receivable $420,000 16,000 23,200 What is the amount of Accounts Receivable, Net that will be reported on the balance sheet at December 31? Multiple Choice $373,600 $412,800 $404,000 $396,800

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